Name: [Chesley Morning Brief] New York Stock Market Falls Across the Board on Soaring US Treasury Yields… Nasdaq 0.8%↓ [26/05/20]
Uploaded: 2026-05-19T22:17:07+00:00
Duration: 7080 s

Speakers

Park Se-ik — CEO, ex-Chief Strategist

Seo Hyung — Analyst

Summary

The episode covers US market weakness due to rising Treasury yields and geopolitical tensions, China market strength on semiconductor IPOs, a detailed IPO analysis of Peace Piece Studio, the May fund manager survey showing extreme tech overweight, Home Depot earnings reflecting rate sensitivity, Hyundai Motor's robot valuation thesis, and Korean battery sector outlook. The hosts also discuss the Korean market pullback and potential buying zone for KOSPI at 6,500.

US stocks fell across the board as the 30-year yield hit 5.18%, highest since 2007.
China's CXMT and YMTC listing news boosted related IT stocks.
Peace Piece Studio (Mardi Mercredi brand) IPO valuation appears stretched relative to peers.
Fund manager survey shows net 33% overweight tech, with cash allocation at historic lows.
Home Depot earnings missed expectations; management cited high rates delaying large projects.
Hyundai Motor's long-term value discussed: Boston Dynamics stake and robot roadmap.
Battery sector: European regulation may increase Korean battery makers' market share outside China.
KOSPI correction analyzed; 6,500 level seen as attractive entry point for long-term investors.

Trade Ideas

Park Se-ik CEO, ex-Chief Strategist 6:51

Xiaomi long when memory cycle ends.

Xiaomi's earnings are under pressure from memory cost inflation and product mix, but the company is at an all-time low P/S ratio. Once the memory cycle peaks and turns down, Xiaomi will be a compelling value buy because its fundamental headwinds will reverse. Investors should keep it on a watchlist for when memory prices begin to fall.

Park Se-ik CEO, ex-Chief Strategist 83:56

Hyundai Motor long-term from robot business.

Hyundai Motor has long-term value from its stake in Boston Dynamics and its own robot/autonomous driving roadmap. The market is already pricing in a 100 trillion won valuation for Boston Dynamics, of which Hyundai owns ~30%. Even using conservative multiples for the auto business, the sum-of-parts shows upside. The stock is volatile and requires patience, but is a solid long-term hold for those who can tolerate the swings.

Park Se-ik CEO, ex-Chief Strategist 101:40

Rate-sensitive stocks benefit from rate cuts.

Home Depot and D.R. Horton are highly sensitive to interest rates. When rates decline, these stocks tend to rally first and strongly. If investors expect rates to fall, they can buy these stocks instead of bonds to capture capital gains without the tax burden on bond ETFs. The current high rate environment is negative, but a rate cut catalyst would make them the best rate-sensitive plays.

Park Se-ik CEO, ex-Chief Strategist 114:20

Buy KOSPI if it drops to 6500.

KOSPI is in a secular bull trend and a 15-20% pullback would represent extreme fear. If the index drops to 6,500, that is a strong buying opportunity because the market will rebound, and long-term fundamentals (earnings growth) remain intact. The 6,500 level corresponds to about a 20% decline from the high, which historically has triggered reversals in bull markets.

This Chesley Investment Advisory (체슬리투자자문) video, published May 19, 2026, features Park Se-ik discussing 1810.HK, 005380.KS, HD, DHI, EWY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik · Tickers: 1810.HK, 005380.KS, HD, DHI, EWY

[Chesley Morning Brief] New York Stock Market Falls Across the Board on Soaring US Treasury Yields… Nasdaq 0.8%↓ [26/05/20]

Summary

Trade Ideas

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