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Gordon Johnson, CEO / Analyst at GLJ Research, comments on the negative performance of the Nasdaq and SOXX in U.S. markets. Johnson highlights that South Korean investors have played a significant role as leveraged buyers of U.S. tech stocks.
He also notes stories of older Korean investors entering this sector, adding to the downward pressure in today's trading.
Johnson has previously warned that a $300 billion U.S. Treasury T-Bill issuance could reduce liquidity in U.S. markets and put pressure on bitcoin, according to a recent note. He has also analyzed how shifting Federal Reserve liquidity is limiting banks’ ability to invest in bitcoin in another report. These earlier comments mirror his ongoing focus on the impact of liquidity changes on financial markets.