Don't let FOMO lead to fatal damage from market volatility

Summary

Park Se-ik hosts a morning news review, covering youth wealth polarization, a column warning against FOMO-driven market entries, rising household and margin debt, an ECB rate hike, and a story of a long-term SpaceX investor. He emphasizes patience, the long-term upward trajectory of KOSPI, and the near-term semiconductor earnings rebound while cautioning against leverage.

• The wealth gap is widening as asset prices rise faster than labor income; investing in stocks is presented as a solution to climb the wealth ladder.
• A columnist argues that buying after a rally due to FOMO can be dangerous, but KOSPI has never fallen two consecutive years since 2000, rewarding long-term holders.
• Park Se-ik notes that Samsung Electronics and SK hynix are positioned for a rebound into July earnings after the June correction.
• Margin debt and forced-selling volumes spiked to near-record levels, raising concerns about a potential downward spiral if the selloff continues.
• ECB unexpectedly hiked rates for the first time in nearly three years, against a backdrop of persistent inflation driven by Middle East tensions.
• A 15-year SpaceX holding story illustrates the power of extreme patience, though Park Se-ik comments that such long-run venture bets are more feasible in the US than in Korea.