Chesley Morning Brief: New York Stock Exchange Mixed as Inflation Data Closes – S&P500 and Nasdaq Both Fall

[체슬리모닝브리프] 뉴욕증시, 인플레 지표 속 혼조세 마감…S&P500·나스닥 동반 하락 [26/05/13]
Watch on YouTube ↗  |  May 13, 2026 at 00:31  |  1:48:40  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Wang Bujang — China Market Analyst
Choi Ho — Vice President
Park Jun-hyuk — Researcher
Park Se-ik — CEO, ex-Chief Strategist

Summary

The video covers the US market reaction to higher-than-expected CPI, a deep dive on the Cerebras IPO, and China market highlights including Kingboard Laminates. The team discusses sector rotation, the importance of tax-aware investing, and a cautious view on SK hynix amid high valuations and AI capex risks. Overall, the hosts lean toward IT and Communication sectors for their strong earnings momentum.

  • US markets fell after CPI beat estimates, with tech and semiconductors leading declines.
  • Cerebras IPO analyzed: high valuation, customer concentration, but potential if OpenAI revenue is recognized.
  • China's Kingboard Laminates highlighted as global CCL leader with price hike potential.
  • Sector analysis shows IT and Communication have best earnings momentum and reasonable PEG ratios.
  • SK hynix flagged as overvalued with risks from AI capex slowdown and rising costs.
  • Tax efficiency and long-term holding emphasized for US stock investors.
  • Barbell strategy recommended: 80% leaders, 20% undervalued but within strong sectors.
  • Oil price rise and its impact on EV/battery stocks discussed but not actionable.
Trade Ideas
Wang Bujang China Market Analyst 16:17
CCL leader benefits from supply shortage.
Kingboard Laminates is the global #1 in CCL (copper-clad laminate), benefiting from a glass fiber supply shortage that is driving price increases. The company is expanding capacity and targets raising CCL prices by over 20% in the second half. Strong earnings momentum with GP margin expansion supports a bullish outlook.
Kingboard Laminates HIGH
Choi Ho Vice President 49:00
IT and Communication have strong earnings momentum.
The US IT and Communication Services sectors have strong earnings growth (40% and 26% respectively) and attractive PEG ratios below 1 (IT 0.6, Communication 0.8), making them still reasonably valued despite elevated P/E. These sectors are likely to continue leading as earnings momentum remains robust, rather than mean-reversion plays.
XLK XLC MED
Choi Ho Vice President 86:00
Reduce SK hynix on rallies.
SK hynix is trading near the top of its P/B band (8x forward P/B), and risks are rising: AI capex momentum may slow in H2 as FCF deteriorates for hyperscalers, long-end yield curve flattening is a leading indicator for capex declines, and cost pressures are mounting. The analyst recommends reducing positions on each rally.
000660.KS MED
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This Chesley Investment Advisory (체슬리투자자문) video, published May 13, 2026, features Wang Bujang, Choi Ho discussing Kingboard Laminates, XLK, XLC, 000660.KS. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Wang Bujang, Choi Ho  · Tickers: Kingboard Laminates, XLK, XLC, 000660.KS