Samyang Foods is a specific ignored consumer/export name with a history of steady growth in its financial statements. It was overshadowed by the memory trade, and now that consumer names are emerging from that shadow, he is looking at it as an investment candidate.
Korean cosmetics and consumer export stocks are attractive because their earnings have been solid while the market was focused on memory. Cosmetics is Korea's strongest export consumer category, and he is now watching cosmetics-related names as memory leadership fades.
Despite long-term Treasury yield pressure and a hawkish Fed, he believes US equities are not in a seriously bad situation. The stock market is still near record highs and has not fallen enough to force the Fed to intervene, so a large crash from this yield issue alone is unlikely.