These days, I want to talk about liquidity-related issues because the stock market seems good lately. Recently, many companies from the United States are rushing to go public. I want to talk a lot about Korean companies as a familiar example. Have you heard of Yanolja? Yanolja is a leading travel-related platform, aiming to become a total accommodation booking company. Yanolja is preparing for a U.S. listing in July, either on Nasdaq or the New York Stock Exchange. Although the destination is not confirmed, a U.S. listing is almost certain. The increasing number of companies listing on the U.S. stock market is raising expectations for increased liquidity. So, the boom of IPOs usually happens in a bull market, not in a bear market.

Companies are delaying their listings. The current atmosphere is not good, so to help you understand easily, it's like there's a frenzy of initial public offerings (IPOs) in Korea. When subscription deposits and new listing stocks increase a lot, if you think about it, the market becomes very hot, overflowing with liquidity, and somewhat like this period. Now, such news is starting to come out one by one. In my view, it's a positive sign that the bullish market trend continues, and with expectations for interest rates in the second half of the year increasing, companies are thinking one by one that they should list now to receive higher valuations. I interpret this as a positive signal. Therefore, companies like Yanolja in Korea have been preparing. They have already established subsidiaries in the U.S. last year and have been preparing. Especially, Yanolja's largest shareholder is SoftBank, holding an overwhelming 24.3% stake.

Also, by the way, Coupang is listed in the U.S. Coupang was also helped a lot by Softbank, the major shareholder at the time, to go public in the U.S. Since big players like Softbank are behind them, it seems like they are being helped to go public in the U.S. So, they are trying to increase their company's value. Therefore, with a company value of 10 trillion won, it is really high if we compare it to Korean companies. It would be around 30th to 40th place in the KOSPI. With a company value of 10 trillion won, SK Telecom, a telecom company, and Kakao Bank are evaluated at around 10 trillion won. So, it falls into that range. Clearly, if they are listed in the U.S., they can get a higher valuation. That's for sure. That's why many companies are preparing to go public on the U.S. stock market as much as possible.

It seems like what's happening is that trading in the U.S. stock market is relatively smooth worldwide, and that's probably why. By the way, Coupang also went public in 2021 when the stock market was overheated and hot, raising 100 trillion won, but now it's worth 40 trillion won. Coupang's corporate value is so high that if it were listed on the KOSPI now, it would be ranked around 10th. So, when it comes to the U.S. stock market, prices are definitely well received, so they flock there. In a way, it seems like another reason to invest heavily in the U.S., and from the perspective of investors like us, many companies are competing with each other. I introduced it last week, but Naver Webtoon is also expected to go public on NASDAQ in June. So, if there are no major issues this month, it is likely to be listed. Tico has already come out as well. It's easy to remember WBT Webtoon, right? In the U.S., this webtoon is quite popular.

They said it was fresh, so foreign media were very interested. So now, companies are expecting about 55 trillion won together. Just until early this year, news of new listings suddenly stopped, but these days, everyone is preparing for IPO again. It seems like a clear sign of a strong market and liquidity boom. It is being viewed positively. It's not just good for these companies, but overall, the atmosphere seems good. It's a similar story, but in the U.S., there are two major stock exchanges, the New York Stock Exchange and Nasdaq. Nasdaq's stock market is improving, and many companies are rushing to list. In Texas now, they are saying, Let's create our own stock exchange, so instead of listing on New York or Nasdaq, come to our Texas Stock Exchange. I thought they might be trying to benefit from companies listing on their own exchange.

The Governor of Texas says that all kinds of regulations will be lifted when companies list on the Texas Stock Exchange. Major companies headquartered in Texas like ExxonMobil, Tesla, American Air, and AT&T are flocking to Texas. So, even companies like BlackRock are now investing here. It seems like a signal of a liquidity boom. Of course, there are some political issues as well, but with the regulations being too strict on the New York Stock Exchange and NASDAQ, many US companies have been dissatisfied with the tight regulations when listing. Now, Texas, which has been eagerly eyeing these benefits, seems to have officially announced it. This move could also be seen as a positive signal for increased liquidity and this week, the most Democratic [issue].

Once introduced, he is a legendary private investor named Keith Gill. In 2021, during the liquidity of the coronavirus, he made a fortune by investing in a stock called GameStop and became extremely famous. After three years, when he turned on a live YouTube broadcast, a staggering 600,000 to 650,000 viewers tuned in. It's amazing because even for a concert in Korea, which usually fills up with 30,000 to 50,000 people, having 650,000 people watching the broadcast shows how alive and heated the liquidity is right now. Therefore, the Wall Street Journal joked, How many Wall Street hedge funds must have watched this trader's broadcast. The impact is so significant that even the comments were flooded. It's because he is becoming like a god of individual investors.

Now that I've made a lot of money through trading, everyone must be curious. So, those who entered thinking, Maybe they'll give investment tips or recommend stocks, amounted to a staggering 650,000 people. Therefore, when news of this broadcast came out, it surged by 40%, but then dropped by 40% during the broadcast, causing a huge uproar. I'm not going to talk about individual stocks now, but the signs are already indicating hot trends in the stock market and asset markets. I have been mentioning that liquidity-related issues are continuously being detected. So, I'm not just saying this based on a feeling, but even if you look at the actual data, global liquidity has already reached a record high, despite just starting interest rate cuts. Soon, it will just break through the record high. So, global liquidity, also known as M2, is here, in a small way.

I wrote it down, but what it does is combining the liquidity of major countries starting from the United States. So, we have been raising interest rates for a long time, maintaining high interest rates, and we thought that money would be withdrawn, but in reality, if you look here, you can say that not a single penny has been collected. The global liquidity that has already been released into the market is not decreasing but increasing now, surpassing the peak. The fact that it is expanding again and money is being released can be seen by the fact that liquidity is increasing. When interest rates go up, it doesn't mean that stocks should fall. Looking at it objectively, money is being maintained in a massively released state and is now starting to accelerate again. So, instead of money being collected, it is now actually starting to expand again. It is just being restrained from increasing artificially.

The situation is such that it is visible. So, for example, actively traded beneficiary stocks are listed on the NASDAQ stock exchange in the U.S., such as ticker NDAQ, listed on the NASDAQ, and there is also London Stock Exchange listing and listing in New York Stock Exchange. By the way, the parent company is Ice. Therefore, there are two strong market beneficiary stocks. In addition to these, there are small and medium-sized stocks. When individual investors like Robinhood invest more in stocks, companies like Robinhood that make money also exist. Cryptocurrencies, when trading is active, there is also a trading exchange called Coinbase that makes money, and there is also an ETF that gathers cryptocurrency-related stocks. There is also a trend where companies like MicroStrategy that are diligently collecting only Bitcoin are showing strength. So, it would be good to pay attention to these companies once. Of course, this is not a recommendation, but it seems that they are worth watching.

This time, companies like Robinhood, Coinbase, and the American version of the largest investment community, Reddit, saw significant increases in their stock prices. The bullish trend continues, so I provide updates from time to time. It seems that expectations are rising due to the continuous liquidity in the market this year. Therefore, you can think of them as companies that profit more as investors return to the stock market, engage in cryptocurrency trading, and increase stock trading. Companies that are laughing from behind, like in the AI era where Nvidia made money, can also be seen as exchange platform companies. In reality, Canada and Europe have finally started to lower interest rates one after another. Major countries have officially started lowering interest rates. Canada was the first to start among the G7 countries. However, now the markets are filled with expectations.

Since it reflects, there's not much time left, time flies quickly. If you go on a summer vacation in June, you'll be back in September. By September, there will be news of the U.S. raising interest rates soon. Therefore, I think expectations and liquidity expectations in the stock market will continue to grow. So, what was a bit surprising this time is that Europe raised its inflation economic outlook this time. Ironically, even though the European Central Bank said it would lower interest rates, looking at the data they released, they are actually lowering interest rates, but it seems that inflation will increase this year. It seems that the economy will be good, even better. So, even if inflation rises due to the economy improving, it's not because the economy is getting worse and inflation is being controlled.

Proactively lowering interest rates before it gets worse or before any unexpected shocks come can also be seen as a proactive expression of the intention to lower interest rates. So, this was quite impressive, and therefore, Bloomberg interpreted it as the signal that the European Central Bank has given up on controlling inflation to the end. It is a sign that the fight against inflation has ended. This interpretation also raised expectations in the market. Of course, we need to see more. It's not like we're going to get too excited about a rate cut. So, some people say this. There are conspiracy theories. This is a bit of a political discussion, but some people say that in order to prevent Trump's re-election in Europe, they are helping Biden by proactively stimulating the economy.

When re-elected, he really doesn't like her. He said a lot on the official occasion. The President of the European Bank said we need to prepare for the worst of the Trump era. He even came out in the media to say that if Trump becomes like this, he won't even support Korea, not even the 3rd support. There are various complex issues, so in European books, they have been openly expressing a preference for Biden. Therefore, if the economy collapses or a shock occurs, they see it as difficult for Biden to be re-elected. Even though inflation is not under control, they lower interest rates preemptively, cooperate with the U.S., and try to boost the economy together, lifting the stock market and asset market. That's the kind of discussion that's coming out, to the extent that it's said that the U.S. and Europe are cooperating to lift the economy together. The reason why Europe is doing an unprecedented interest rate hike even though there is no economic recession or shock right now is because.

So, as mentioned, there is a lot of talk about liquidity now. In the end, it's all about money. So, countries that are lowering interest rates before the United States are increasing gradually. Just earlier this year, central banks that lowered interest rates before the United States accounted for 38%, but in May, it has increased to 41% and continues to rise steadily. You can see it going up consistently. Therefore, as we go into the second half of the year, it is likely to increase even more. Korea is also talking about around October, although we need to see how it goes, but the expectations are increasing. Even the United States, the final boss, has essentially transitioned to increasing liquidity, and Chairman Powell will significantly reduce the scale of money collection starting from June to prevent any unexpected shocks and to address the liquidity shortage. It's a bit difficult to say, but quantitative tightening is also a way of collecting money.

I will do it slowly, kind of like this, basically giving a signal of friendly liquidity supply. If you look at it, it seems like they will lower the interest rates as well, and then it will be chaos. So, you can see it this way, and on top of that, this week, there is a person called Paul Krugman, who is known as a close aide to President Biden. If you look at the position of this person, who is called the mouthpiece of the Biden administration, you can understand what kind of direction the Biden administration has. Many people watch this person because he is clearly on the side of the Democratic Party and the Biden administration. So, even this person suddenly changes his position this week. Just earlier this year, he was saying that the U.S. economy is doing very well, it's in the best condition since the 1990s, praising the Biden administration for doing well, controlling inflation well, and helping the economy, kind of giving a little lip service to help with reelection. But suddenly, after just four months, he's like, Oh no, we're in big trouble now, we need to raise interest rates quickly. Stop obsessing over inflation right now.

It seems like we are heading towards a downturn. Yes, now we are changing our stance in this way, so we should stop obsessing over inflation here and start worrying about the possibility of a downturn as a burden of anxiety. This was also mentioned in an official editorial in The New York Times, where many foreign media outlets have cited it again. So, based on this, there are talks that the interest rate pressure from the Biden administration may be indirectly expressed through this. It could be in September, and even the Fed may start lowering interest rates preemptively before a shock hits. As a result, expectations for a possible rate cut may increase, as liquidity becomes more active and if interest rates benefit, the preference for risky assets in the stock market will rise. Therefore, it might be a good idea to gather leading stocks such as Nasdaq or high-quality stocks, and rather than selling a bit when there is a correction, it might be better to take a perspective from the holding side.

I think that from this perspective, the preference for risky assets may increase compared to the liquidity situation. So, please take a look at it. Also, if you feel a bit more ambitious, it would be good to look at companies that can benefit when liquidity increases. I have also allocated a small amount to such companies in my portfolio. As liquidity becomes more active, these are the companies that make money. Of course, since small and medium-sized companies have high volatility, you need to be careful. So, it seems that the rush to list on the US stock market is gradually reviving, and there seems to be a boom in IPOs. I heard about it. I will continue to update you on liquidity-related issues. Next, when we invest in stocks, we may feel confused as the market sentiment changes frequently, like a fickle weather.

On some days, the expectation of a decrease in interest rates decreases, causing the stock market to fall. On other days, the expectation of a rate cut revives, leading to an increase. And on some days, there is concern about a recession, causing a decline. On yet other days, it is said that the market rises because it seems like a recession may not come. It can be really confusing just by looking at these kinds of news. To not be swayed by numerous positive and negative news, I believe that one must have their own clear judgment criteria. That's why in the newly launched Sosumongki U.S. Stock Masterclass course, I have included specific methods to make investment decisions on your own. For example, is now a good time to invest in stocks? Should you increase or decrease your allocation? At what price should you buy this stock? Is it okay to buy at the current price, or should you wait and take advantage of the current market sentiment?

You will be able to answer the essential questions when you invest, such as whether you should get on or be careful. Especially, after completing this lecture, I think you will not just finish it once, but you will be able to gain practical know-how that can be used throughout your life while investing in US stocks. If you want to study investment properly with me this year and achieve better results, I recommend that those who want to take a look at the link to Somong's master class in the comments and more section.

돌아온 나스닥 IPO붐? 큰손들이 주는 강력 힌트일까

비즈니스/협업 문의 : somongmanager@gmail.com
카페 : 소몽 라운지(cafe.naver.com/sosumonkey)
