Monthly Archives: April 2026

Everyone is celebrating the so-called U.S.–Iran ceasefire as if markets are obligated to reward optimism on schedule. How adorable. Yes, there is now a widely reported framework for a ceasefire and a broader settlement. But the truly inexperienced always make … Continue reading →

People have a charming habit of pretending war is merely a geopolitical headline, as if markets politely wait for morality to resolve itself. They do not. War has always been, first and foremost, an economic shock engine—one that reprices risk, … Continue reading →

Everyone seems to be performing the same tiresome ritual lately: whispering in panic that they are “already too late” for AI. The fear, apparently, is that if you did not jump on the bandwagon the very second generative AI entered … Continue reading →

Bloomberg just dropped a headline that confirms what I’ve been anticipating: “French and Japanese-Owned Ships Make First Hormuz Crossings” amidst the escalating tension in Iran.Most people see a headline like this and think of geopolitical risk. I see a massive … Continue reading →

Let’s be clear: the current KOSPI volatility isn’t just “market jitter.” It’s an orchestrated chaos. Historically, the KOSPI’s average daily volatility (ATR) hovered around 1.2% to 1.5%. However, in the recent cycle, we are witnessing intraday swings exceeding 3.5% to 4.2% without … Continue reading →

I don’t chase every headline. I wait for the right one. Today’s main CNN headline is about **the U.S. Federal Reserve holding rates high for longer than the market wanted**. That is not a small detail. That is the market’s … Continue reading →