Because Nothing Says “Bullish” Like Nuclear War…

South Korea’s KOSPI index rose for a sixth day to yet another record as inflows accelerated on Friday. Foreign investors’ net buying this week rose to W0.5trn from W0.2trn in the previous week.

Consumer sentiment rose to 108 in May from 101.2 in April – that’s the highest level in more than three years.

It certainly seems like a whole lot of people are optimistic about the prospects for new President Moon Jae-in (also known locally as “Moon-bama“), or else people really aren’t as concerned as they say they are about the boy king in Pyongyang.

Either way…





Or, put differently…





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