Behind the 'surge→plunge→surge' rollercoaster market are smarter retail investors

‘폭등→폭락→폭등’ 롤러코스터 증시 뒤에는 스마트해진 개인이 있다
Watch on YouTube ↗  |  February 06, 2026 at 07:46  |  1:14:47  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik reviews the February 6 weekly newspaper, covering the shipbuilding upcycle, market volatility, AI-related news, Korean tire makers, Google's Gemini results, North Korea humanitarian aid news, and the KOSPI rollercoaster driven by retail investors. He highlights opportunities in Korean shipbuilders and semiconductors, watches North Korea-related stocks, and expects a pre-Lunar New Year correction followed by a rebound, favoring quality stocks and oversold US growth names.

  • Shipbuilding cycle: a 20-year upcycle is driven by fleet replacement, new demand, US policy, and MASGA; high-priced orders support margins through 2027.
  • Korean semiconductors: Big Tech AI capex increases are seen as favorable for the Korean semiconductor industry.
  • North Korea: sanctions exemptions for humanitarian aid put North Korea-related stocks on watch, but obstacles remain.
  • Market volatility: KOSPI and individual stocks are swinging sharply; retail investors are buying dips and selling rallies.
  • Strategy: the speaker expects pre-Lunar New Year correction and post-holiday rebound; quality blue-chip stocks and oversold US growth stocks are favored.
  • News recaps: Jensen Huang defended software, Korean tire makers posted record sales, and Google's Gemini results were strong.
  • Psychology: the closing column discusses avoidance and the need to act despite discomfort.
Ideas
Park Se-ik CEO, ex-Chief Strategist 1:05
Korean shipbuilders in long upcycle.
A 20-year shipbuilding upcycle has begun, driven by fleet replacement, new demand from India and Southeast Asia, US pressure on Chinese shipbuilding, and the MASGA project. Korean shipbuilders are delivering high-priced orders placed in 2022-2023 through at least 2027 while steel plate prices have fallen, so operating margins should keep improving; the cycle may run into 2027-2029, making Korean shipbuilding stocks attractive to hold long term.
Korean shipbuilding sector HIGH
Park Se-ik CEO, ex-Chief Strategist 43:48
Big Tech capex benefits Korean semiconductors.
Alphabet and other Big Tech companies are sharply increasing AI infrastructure capex, which should lift semiconductor demand. Whether the increase comes from higher volumes or higher prices, the environment is very favorable for the Korean semiconductor industry.
Korean semiconductor industry HIGH
Park Se-ik CEO, ex-Chief Strategist 47:34
Watch North Korea-linked stocks.
The Trump administration approved sanctions exemptions for humanitarian aid to North Korea, a potential first step in US-North Korea relations, but many obstacles remain and North Korea's response is uncertain. The speaker has North Korea-related stocks on a watchlist and wants to verify that obstacles are being removed before investing, noting the group already moved on the news.
North Korea-related stocks MED
Park Se-ik CEO, ex-Chief Strategist 54:57
Buy quality Korean stocks on dips.
In a range-bound market, buying on dips and selling on rallies can work for high-quality blue-chip stocks that are not excessively overvalued. The same strategy is dangerous for stocks in structural downtrends because they can keep falling.
Korean blue-chip quality stocks MED
Park Se-ik CEO, ex-Chief Strategist 55:57
KOSPI rebound after Lunar New Year.
The speaker expects the February market to correct before the Lunar New Year holiday and rebound after it. He compares the current selloff to February 2018, when a roughly 10% drop was followed by a recovery, and views the recent plunge as a bargain-sale opportunity rather than the end of the market.
EWY HIGH
Park Se-ik CEO, ex-Chief Strategist 56:09
Nasdaq correction then rebound.
The Nasdaq is already down more than 6% and the speaker expects a roughly 10% correction similar to 2018, after which the market should rise again. This suggests accumulating Nasdaq exposure after the correction.
QQQ MED
Park Se-ik CEO, ex-Chief Strategist 56:45
Buy fallen US structural growth stocks.
Structurally growing US stocks that have already fallen 30-40% are very attractive because they are high-quality growth names that have been sold off, not structurally broken businesses. The speaker distinguishes these from structurally weak stocks where dip-buying is dangerous.
IWF MED
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This Chesley Investment Advisory (체슬리투자자문) video, published February 06, 2026, features Park Se-ik discussing Korean shipbuilding sector, Korean semiconductor industry, North Korea-related stocks, Korean blue-chip quality stocks, EWY, QQQ, IWF. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: Korean shipbuilding sector, Korean semiconductor industry, North Korea-related stocks, Korean blue-chip quality stocks, EWY, QQQ, IWF