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The Weekly Market Notes

Macro · Semis · Korea · 20 Jul 2026
Not Promising… When Good News Turns Bad
The Nasdaq closed lower four sessions out of five, Korea's leveraged ETF crackdown keeps evolving, and solid ASML and TSM earnings weren't enough to lift an AI trade in need of a lifeline — then a Chinese moonshot closed out the week.
20 Jul 2026 · 5 min read
Macro · Semis · Korea · 11 Jul 2026
ICU Diverted… For Now
A gap down Tuesday, a VIX round trip from 19 to under 15, a Kospi circuit breaker, and SK Hynix's record ADR listing — the AI trade steps back from the ICU waiting room.
11 Jul 2026 · 5 min read
Macro · Semis · Korea · 27 Jun 2026
High Voltage Contagion… Made In Korea
Two Kospi circuit breakers, Micron delivering in style, and increased MAG7 scrutiny — contagion, made in Korea.
27 Jun 2026 · 5 min read
Macro · Semis · 19 Jun 2026
Double Dip Unlocked... Grab More Nachos
Warsh FOMC premiere with hawkish subtitles, the dip proved irresistible, and SOX pushes through to fresh all-time highs — while WTI revisits the $70s for the first time in three months.
19 Jun 2026 · 5 min read
Macro · Geopolitics · 14 Jun 2026
A Tweet Is All We Need — Especially Mr. Russell
A wildcard week where the Russell stole the show, the VIX travelled from 23 to 17, and Kevin Warsh takes centre stage.
14 Jun 2026 · 5 min read
Macro · Inflation · 5 Jun 2026
Four Weeks Later, The Ghost Is Back — Scarier.
Containers of popcorn, a vertigo candle on Marvell, Broadcom's miss, and a Black Friday to remember. The ghost never left the closet.
5 Jun 2026 · 5 min read
Macro · Semis · 29 May 2026
Gap Up Season In Calmer Waters
Back-to-back gap ups for the second week running, VIX below 16, SOX showing tired legs on Friday — and Broadcom ahead.
29 May 2026 · 5 min read
Macro · Geopolitics · 25 May 2026
Against The Ropes
A crucial reversal on Tuesday, semiconductors landing a clean uppercut, and a shortened week with one session that matters more than the other three combined.
25 May 2026 · 4 min read
Macro · Inflation · 17 May 2026
The Ghost May Not Go Back Into the Closet.
A week that may have marked an inflection point — not in the post-Liberation Day rebound, but in the near-vertical climb of the S&P and Nasdaq. Two sessions. One structural shift.
17 May 2026 · 4 min read