Damien Boey

speaker

79 appearances 1 recordings 1 series first heard Jun 2026 last heard 29 Jun

Damien Boey’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

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FEAR & GREED | Business News · Q+A: Is the AI investment boom starting to crack? · 29 Jun 2026 podcast

Well, thanks very much, Sean.

So there's a few things that I think are worrying people.

So obviously we had a bit of a saspocalypse in February, and so people were really buying into some rather bearish narratives about how technology was going to replace people.

It was all about displacement and redundancy and obsolescence of certain business models.

So since that time, obviously some parts of the tech sector have recovered, like memory and chips, while the software part has generally lagged.

Now, what's been really interesting has been the concentration and the crowding risk happening within the memory, the chip space and global equities.

So what we've seen recently is the Korean index, for example, the KOSPI, you know, over a period of about five, six months has basically gone up like 80, 90%.

And in that time, the implied volatility of that index has gone up to 80, 90%, which is kind of unprecedented because usually volatility and indices move in the opposite direction.

So there are lots of explanations as to what's actually going on there in terms of foreign participation, you know, retail investors deciding to maybe take on leverage to buy this, leave it ETFs.

But what it's led to is a very crowded state of affairs globally.

And so you could have the butterfly flap its wings in Korea or Taiwan.

And what you'll find is that NASDAQ will be down as well because it's just a sheer reflection of the uncertainty and the crowding.

And then you've also got Kevin Walsh coming in.

And I think the thing with Kevin Walsh is that, you know, he wants to... He being the Fed chair, of course.

The new Fed chair.

Yes, that's right.

He wants to basically make sure that the Fed's inflation targeting credentials are intact.

And although he's been painted as a dovish person, somebody who wants to cut rates, if he must raise rates within the next six months, then he will just to stamp the Fed's credentials on that regard.

So what he is looking for and what every other central bank is looking for is evidence that maybe this data center bill that we're seeing globally, maybe this AI capex spend is not as inflationary as people think.

that will allow him to kind of pivot a little bit more neutral or maybe even dovish.

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