Leon Ting 2.5 3 ideas

Ting notes that Samsung and SK Hynix are aggressively revising earnings forecasts upward due to a "memory chip shortage." The AI boom requires massive memory capacity. While software stocks are jittery, the hardware suppliers (Korea) are seeing tangible order flow and pricing power. LONG. This is the "picks and shovels" play of the AI cycle, currently outperforming US software. Global recession dampening hardware demand; cyclical downturn in chip pricing.

The US Dollar has been on a weakening path against Asian currencies (Yen, Renminbi). A weaker dollar acts as a massive tailwind for Asian assets (making them cheaper for locals to hold and boosting export competitiveness). This supports the "Rotation to Asia" trade. SHORT. Fed keeps rates higher for longer due to strong jobs data (130k jobs added), forcing a dollar rally.