Is it coincidental that altseasons have occured after KOSPI started rising?
Jae-myung Lee won the South Korean presidential election. His party is planning to amend the Commercial act to strengthen shareholder rights.
After he was elected, KOSPI(Korea Composite Stock Price Index) began rising. So, I wondered whether KOSPI has the correlation with altseasons 🤔
Yesterday, I realized that the 1st and 2nd altseasons happened during the Jae-in Moon administration(May 2017 ~ May 2022). His party is DPK(Democratic Party of Korea).
However, in the Seok-yeol Yoon administration, BTC dominance has mainly kept the upward trend. Is it coincidental? 🧐
DPK is the king of altseasons 🤑😂 Just kidding 😜🤣
Go back to the main subject, the Jae-myung Lee administration plans to implement an expansionary fiscal policy through a supplementary budget, which means it would likely affect positively asset markets such as cryptos, stocks and real estates.
Will history repeats itself? 🤑🤣