The Dips Are Not Getting Bought Today: 3-Minutes MLIV

• Korean tech stocks experienced a near 10% decline, with tepid bounces indicating a lack of buying interest.
• The market is seen as being in an 'AI capex bubble' with high retail participation and significant leverage.
• Expectation of continued extreme volatility and potential 15-20% drawdowns in this 'volatile final stage' of the market.

The discussion highlights a significant tech sell-off in Asian markets, particularly Korea, characterized by a notable lack of 'buy the dip' activity. Analyst Mark Cudmore identifies an 'AI capex bubble' with high leverage and retail participation, anticipating continued extreme volatility and potential 15-20% drawdowns, though not necessarily the immediate collapse of the entire bubble.