Economy · 증시2026.07.23[Feature: Market Wrap] Alphabet Beat Its Numbers, and Fell Overnight — Because It Said It Would Spend Even More on AIYesterday, in this space, I wrote that Alphabet would open the first report card tonight. That report card came back last night. And the result flipped.11 min read·✓ Fact & code verifiedEconomy · 거시경제2026.07.22Stablecoins Are the Eurodollar Rerun — One Layer UpThe Eurodollar has a famous origin legend. The story is set in the 1950s, at the height of the Cold War. A Soviet-bloc bank held dollars on deposit in the Unite…26 min read·✓ Fact & code verifiedEconomy · 증시2026.07.22[Feature: Market Wrap] Memory Lifted Both Seoul and New York YesterdaySeoul and New York both rose on Tuesday (July 21), and in both markets the biggest gains came from chips — memory chips above all. In Seoul, Samsung Electronics…9 min read·✓ Fact & code verifiedEconomy · 증시2026.07.20The 'Bear-Market' Strategy That Loses Principal in Bear Markets — Specialized for Survival, Not ProfitA trading strategy calls itself 'bear-market-specialized.' When the market breaks, it picks the names that have fallen too far and rides the brief bounce back u…25 min read·✓ Fact & code verifiedEconomy · 증시2026.07.16[Feature: Market Wrap] Seoul Bought the Memory Rally. New York Sold Half of It Back That NightSeoul surged on Wednesday (July 15). The KOSPI closed at 7,284.41, +6.24%, tripping a buy sidecar six minutes after the open, and even the KOSDAQ — pinned under…13 min read·✓ Fact & code verifiedEconomy · 증시2026.07.15[Feature: Market Wrap] A Rebound, but a Narrow One — KOSPI +0.73%, KOSDAQ Trips a Second Straight SidecarTuesday (July 14) was the day the market had to answer Monday's (July 13) crash. Was the -8.95% that tripped the KOSPI's circuit breaker an overshoot, or had Ne…9 min read·✓ Fact & code verifiedEconomy · 증시2026.07.14[Feature: Market Wrap] Same Shock, Only Seoul Broke — KOSPI -8.95% Trips the Circuit Breaker, New York Slips Just -1.55%On Monday (July 13), a single epicenter shook both Seoul and New York — but the two markets absorbed it very differently. Over the weekend, the armed conflict b…9 min read·✓ Fact & code verifiedEconomy · 경제사상2026.07.12When a Bonus Rides on the Dashboard — A Metric Stops Reflecting the World and Becomes an EnginePicture someone at the wheel. If a bonus rides on the speed number on the dashboard, the driver drives to raise the number rather than to actually go faster. He…24 min read·✓ Fact & code verifiedEconomy · 증시2026.07.08The Record Quarter Was a Sell Signal — Memory's Old TimetableOn July 7, the day Samsung Electronics posted a record quarterly operating profit of KRW 89.4 trillion, its stock collapsed and the KOSPI tripped a circuit brea…19 min read·✓ Fact & code verifiedEconomy · 증시2026.07.04[Feature: Market Wrap] The 8,000 Line, Back in a Day — Only the Sellers and Buyers Traded PlacesThe very next day after "Black Thursday," Seoul drew a V. Yesterday (July 3) the KOSPI slid another 3.5% in the early going, down to 7,378, then surged as high…10 min read·✓ Fact & code verifiedEconomy · 증시2026.07.03[Feature: Market Wrap] Meta Offered Up Its Spare GPUs — New York Split, Seoul BuckledYesterday (July 2), for one full session, the premise beneath the AI-and-memory rally was shaken head-on for the first time. The fuse was single: Meta previewed…9 min read·✓ Fact & code verifiedEconomy · 거시경제2026.07.02The Reason Bitcoin Can't Be a Monetary Standard Isn't Volatility"The dollar was backed by gold, then by oil, so now it's Bitcoin's turn." Questions about a monetary standard usually stand on this three-step narrative. Half o…20 min read·✓ Fact & code verifiedEconomy · 경제사상2026.07.02[Special] What Survived in Behavioral Economics — The Stars the Replication Crisis Toppled Were Mostly Social PsychologyOne discipline won the Nobel Prize in Economics twice — Daniel Kahneman in 2002, Richard Thaler in 2017. Its founding paper, prospect theory, ranks among the mo…24 min read·✓ Fact & code verifiedEconomy · 증시2026.07.02[Feature: Market Wrap] Chips Lifted the Rally; Chips Led It Back DownThe first trading day of the second half — and of Q3 — is behind us. What made New York close its best quarter since 2020 the day before (June 30) was semicondu…7 min read·✓ Fact & code verifiedEconomy · 증시2026.07.01[Feature: Market Wrap] The First Half: Risk Assets Cheered, Bonds and the Dollar Hit the BrakesOn the last trading day of the first half of 2026, New York closed the half-year ledger with all four major indices up together. The S&P 500 and Nasdaq posted t…9 min read·✓ Fact & code verifiedEconomy · 거시경제2026.06.27Before the Fed Rewrote Its Dot Plot, Korea's Market Had Already BrokenOn June 8, the KOSPI opened down 8.37% and tripped the circuit breaker. Samsung Electronics and SK Hynix bled 10% each, and the won slid toward 1,560 against th…5 min read·✓ Fact & code verified