Volatility Is Now a Feature, Not a Bug: 3-Minutes MLIV

• KOSPI's recent bounce was almost entirely driven by Samsung's potential large buyback, not broad market strength.
• Micron earnings tonight are a key catalyst, expected to stir significant volatility in chip and AI stocks.
• The market is in a 'volatile end stage' with an inflating 'AI capex bubble' that will be problematic when it bursts, and more inflation is expected.

Mark Cudmore provides a neutral-to-bearish outlook on current market price action, noting that while some froth is coming out, it's not a 'healthy' correction. He highlights the KOSPI's Samsung-driven bounce and anticipates significant volatility from Micron's upcoming earnings, viewing the market as being in a 'volatile end stage' of an inflating AI capex bubble.