[#RealMarket] Foreigners bought 1 trillion won in futures before market close... A signal for tomorrow's rebound market has emerged / Reasons to expect an August bull market | CEO Lee Gwon-hee

Summary

CEO Lee Kwon-hee analyzes the July 20 sell-off, noting that heavy foreign futures buying in the final hour signals a likely short-term rebound. He sees semiconductor overselling as overdone, expects big tech earnings and capex numbers to resolve uncertainty by month-end, and foresees a KOSDAQ rally in August. He also highlights bottoming signs in renewable energy, early-stage US shipbuilding equipment orders, and a conditional opportunity in deeply beaten sectors if rates fall. He warns against leveraged ETFs, which have turned the market into a speculative casino.

• Korean market fell sharply but closed off lows; foreigner futures buying of 1 trillion won hints at a next-day rebound.
• Semiconductor sell-off is overdone given still-strong server DRAM spot pricing and expectations of big tech capex increases of 30%+.
• Upcoming big tech earnings (Alphabet, Microsoft, Meta, Amazon) are the key catalyst to confirm AI investment trajectories.
• Renewable energy stocks like SK Holdings, Hyundai Energy Solution, and SK Eternix are forming bottoms.
• US shipbuilding project orders are beginning, benefiting Korean equipment suppliers.
• KOSDAQ is forecast to rally from the 755 area toward 800 in August once capex noise clears.
• Deeply sold-off defense, shipbuilding, semi equipment, and biotech sectors could roar back in September if interest rates decline.
• Proliferation of leveraged ETFs has made the market excessively speculative, and investors should avoid these instruments.