Don't Go All-In on Stocks… The 'Real Opportunity' Lies Elsewhere

While indicators harbor unsettling factors, the market maintains a state of alert like the calm before a storm. Despite uneasy economic indicators, the stock market continues its upward trend.

This situation signifies a heightened state of volatility where rapid evacuation is necessary once the rain begins to pour. Therefore, investors must recognize that market conditions can change abruptly at any time.

He diagnosed the current situation, saying, "The current market feels like dark clouds are gathering thick. But the valley is so peaceful. The valley is peaceful and perfect for playing. There's not much water either."

Saudi Arabia's securing of a bypass crude oil export route and eased conflict expectations from the US-China summit also contributed to oil price stability.

The second factor was Saudi Arabia's securing of a bypass crude oil export route. Despite pipeline attacks, a new route toward Oman was opened to prevent supply disruptions.

Expectations for eased tensions through the US-China summit also influenced oil price stability.

Jang Woo-jin, CEO of Geumsigong, commented that Iran's Revolutionary Guard uses external hostile environments to maintain the regime.

A common trait of military regimes is the tendency to create external enemies, which is why the possibility of Iran abandoning its nuclear program is seen as low. Iran's nuclear development is analyzed as potentially serving as a means for regime stability.

Until the war ends, investing entirely reliant on the market's upward trend is risky. The judgment is that even if oil prices fall, uncertainty remains without the war's end.

Therefore, investors should maintain cash positions and approach the market from a trading perspective. He warned that going all-in on stocks with high positions like 100% or 150% could lead to situations like the peak decline experienced in June.

Strikes on Russian and Saudi refining facilities disrupted about 10% of global refining capacity, deepening the shortage of middle distillate inventories such as diesel. It is known that strikes on refining facilities in Russia and Saudi Arabia affected approximately 10% of global refining capacity.

As a result, diesel prices in the US and Europe are hitting record highs. Since middle distillates are essential fuels for industrial activity and logistics, price surges cause widespread economic ripple effects.

As winter approaches and heating and transportation demand increase, the shortage of middle distillate inventories is feared to worsen further.

During economic booms, interest rate hikes should have been used to control prices, but the timing was missed due to external variables such as Trump's war issues.

Questions arise about whether Big Tech companies' aggressive bond issuance has reached its limit. This is because interest rate hikes can act as a constraint on corporate liquidity procurement and investment speed.

CEO Jang Woo-jin expressed doubt about whether annual $1 trillion in AI investment can continue at a rapid pace. High interest rates increase funding costs, potentially leading to investment contraction.

Furthermore, he warned of the potential contraction of other industries if AI monopolizes all economic resources. He diagnosed that this could cause imbalance across the entire economy.

Macroeconomic indicators are within the realm of response, but war is an unpredictable variable.

He said, "The end of the war. If the war ends, all this will be temporary and other clouds will come someday, but once the war ends, the current concerns will at least pass for now." He viewed that if the war ends, the current uncertainty is likely to be temporarily resolved.

Indeed, global investment banks are also abandoning oil price forecasts and shifting to response strategies. This shows the enormous impact of unpredictable geopolitical risks on the market.

When share buybacks end, a buying vacuum occurs, so one should be wary of viewing this only as a positive factor. When share buybacks end, it cannot be unconditionally seen as positive.

Unlike the view that sees the suspension of share buybacks as favorable, attention should be paid to the movements of sellers and who buys the stocks afterward.

Acer's CEO viewed that semiconductor inventories are larger than expected, raising oversupply concerns. In particular, the expansion of supply by Chinese companies is analyzed as acting as a market variable.

According to CEO Jang Woo-jin, NAND flash has entered a phase of resolving supply shortage, but the CPU market still has uncertainty due to a different demand cycle.

Interest is shifting from the existing three major power equipment companies to bus duct-focused companies like Gaon Cable. On-site requires no long-distance transmission, so stocks related to on-site power supply such as LNG combined cycle, hydrogen, and solar power are expected to benefit. This is due to the increasing power demand of data centers and the need for stable supply.

Gaon Cable is drawing attention as a company focused on bus ducts, the power supply network within data centers. The on-site method requires no long-distance transmission, so related stocks like Gaon Cable are expected to benefit.

In the past, the leader in the power equipment market was HD Hyundai Electric, and Hyosung Heavy Industries later emerged with improved profitability. However, according to CEO Jang Woo-jin, LS Electric originally had a small market capitalization.

Currently, LS Electric has emerged as a strong player in the switchgear market, increasing the possibility of direct contracts with Big Tech companies. This shows that the company has secured a growth engine different from the past.

As a result, among the current three major power equipment companies, LS Electric holds the top market capitalization. This is interpreted as a result of market changes and LS Electric's strategic choices aligning.

This helps secure psychological room to seize buying opportunities during market declines.

Securing cash is important to prepare for situations where market predictions go wrong. For short-term trading, he recommended a method of taking profits quickly in the 5-10% range.

Gold is classified as a hedge asset against concerns over dollar hegemony weakening or currency value decline. This means gold serves as a safe asset against currency devaluation.

On the other hand, long-term bonds are assets that carry expectations for when the market completely collapses, credit issues arise, and the Federal Reserve (Fed) sharply cuts rates. During economic recessions, stock prices and gold may move in different directions.

Since each asset serves a hedging role in different market situations, they can be used to diversify investment portfolios.

The process of incorporation into the institutional system, such as coin taxation, is evaluated as expanding the market's scope. Currently, the stock market is limited to a trading area, and cash is being secured while waiting for opportunities. He indicated a plan to significantly increase investment in virtual assets next year. He predicted that the process of incorporation into the institutional system, such as coin taxation, will grow the virtual asset market.

Currently, the stock market is left as a trading area, and cash is being secured while waiting for opportunities. In particular, he is approaching by not going all-in on the stock market but making small additional investments only when truly confident.

CEO Jang expects large profits in the virtual asset market next year through a strategy of not easily spending cash and watching for opportunities. This contrasts with his conservative view on the stock market.

He explained his investment plan, saying, "I personally think I should load up a lot on coins next year. So what I do is, on the contrary, I don't spend cash easily. I just add a little more when I'm truly confident, rather than going all-in on the stock market just to not miss this market."

CEO Jang Woo-jin said the stock market is an area where the index cannot be predicted due to many variables. He used the analogy of it being like trying to predict how rain clouds will move.

However, he mentioned that if the war-end scenario materializes, the KOSPI index could challenge up to 9,000 points. This suggests the positive impact the major variable of war's end would have on the market.