[Live With Ross] The Macro Playbook: Korea, the Memory Super-Cycle & the H2 2026 AI Outlook
The AI infrastructure build-out has quietly rewired global markets. Memory pricing has gone vertical — DDR5 has roughly 5x'd off its 2025 base — while optical networking names now trade at record valuation multiples . At the same time, Korea's KOSPI has surged to record highs on a wave of domestic buy-on-dip flow, even as its forward P/E sits near cycle lows. The signal underneath all of it is the same: this is a capital-intensity super-cycle, and it's still early.
We're bringing in Ross Dong, Founder of Gongxing Academy (躬行学堂) and Partner at Morning Cloud Asset Management, to unpack how these macro forces connect — and where the next winners sit.
📅 Date: July 23, 2026
⏰ Time: 20:00–21:00 SGT
🔗 Register: Inside the AI Memory Boom: Opportunities and Challenges for SK hynix
直播信息
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The Macro Decision Framework — How to read markets through three overlapping lenses: industrial & technological cycles, monetary & financial cycles, and political & geopolitical cycles — and turn that top-down logic into actual positioning.
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Korea & the Memory Super-Cycle — KOSPI capital flows and what tighter regulation on single-stock leveraged ETFs means for volatility, why expansionary fiscal policy is cushioning monetary tightening, and the case that memory undersupply persists despite the market's concerns. 2026E/2027E GDP is forecast at 3.7% and 3.0%.
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AI Infrastructure & the H2 2026 Outlook — As the easy AI rally gives way to capital intensity and cash-flow winners: the semiconductor AI-capex cycle (2023–2026), optical demand from AI data centers, and why supply signals like Lumentum's InP capacity build still point to shortage, not glut.
Ross Dong is background spans a B.S. in Applied Mathematics from Columbia University and 10 years of U.S. equity trading and investment experience, based in New York. The strategy blends top-down macro logic with bottom-up stock selection, and short-to-medium-term swing trading with long-term value investing.
📅 Date: July 23, 2026
⏰ Time: 20:00–21:00 SGT
🔗 Register: Inside the AI Memory Boom: Opportunities and Challenges for SK hynix
🏠 tmipartner.com | YouTube: 躬行交易室@tmi_invest
Whether you're actively trading the AI and memory cycle or managing long-term equity exposure, understanding the macro logic beneath the tape is no longer optional. Major trends don't end in a day or a week — it takes time for their internal logic to fully unfold. Such is the gravity of macro forces.
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