## Key Takeaways: 5 Core Strategic Theses
- **[1. 5%+ Risk-Free Rate Anchored]** The US 10-Year Treasury yield (`US_10Y`) surged **+52bp (+9.51%)** over 20 trading days from **4.66% to 5.18%**, while the 10Y-2Y curve (`US_10Y2Y`) bear-steepened to **+36bp**, permanently elevating the long-term risk-free rate (`Rf`) floor above 5%.
- **[2. Vertical Surge in Required Return (ke)]** With risk-free Treasuries yielding 5.18%, equity required returns (`ke = Rf + β × ERP`) have jumped from **5.5%–6.0%** in the low-rate era to **9.5%–12.0%+**, forcing extreme K-shaped return polarization across individual stocks.
- **[3. Liquidity Concentration vs. Systemic Risk]** Crowding into monopolistic pricing-power winners amid high oil (WTI **$92.41**) while filtering out unprofitable public equities (`BYND` **-39.8%**, `LCID` **-18.8%**) represents **healthy market self-cleansing**, not a systemic threat.
- **[4. True Time Bomb: Private Credit ($2.1T+) & Zombie Refinancing Walls]** The real systemic risk lies in **global Private Credit (80–90%+ floating-rate loans now costing 9.5%–12.0%+)** and **high-debt zombie firms (>33% of borrowers with ICR < 1.0x)**, already front-run by sharp 1-month selloffs in `OWL` (**-22.5%**), `BX` (**-16.8%**), and `ARES` (**-14.4%**).
- **[5. Scenario 2 Portfolio Protocol]** With Fed ON RRP depleted (**$0.576B**) and sticky inflation constraining bailouts, authorities face high odds of **Scenario 2 (tolerating market-driven defaults)** → Immediately exit private credit/zombie exposures and build a barbell of **fortress monopolies (70–75%) + 5%+ T-Bill dry powder (25–30%)**.
---
## 1. Macro & Credit Regime Diagnosis: 5.18% Yields Meet Depleted ON RRP ($0.576B)
> **[Core Diagnosis]** While headline equity indices (`SP500` **7,743.41pt**, `VIX` **14.87pt**) appear calm, the exhaustion of the Fed's excess liquidity buffer and widening short-term funding spreads have already pushed the internal Credit Pillar into **BEARISH (20.4pt)** territory.
### ■ 3 Structural Macro & Liquidity Fracture Points
- **[Liquidity Buffer Exhaustion (`FED_RRP` & `FED_TGA`)]** The Fed's Overnight Reverse Repo (`FED_RRP`) facility has collapsed to **$0.576B ($576M)**—effectively zero—while the Treasury General Account (`FED_TGA`) surged **+$144.3B** over 20 trading days (**+$100.1B** in 1W) to **$977.1B**, directly draining commercial bank reserves.
- **[Energy-Driven Inflation Floor]** WTI Crude (`CRUDE_OIL`) remains elevated at **$92.41/bbl** after testing a 20-day high of **$105.83/bbl**, keeping inflation expectations and term premia elevated and blocking aggressive Fed rate cuts.
- **[Early Credit Market Tightening]** US High-Yield Spread (`US_HY_SPREAD`) rebounded **+20bp** off its 20-day low (2.60%) to **2.80%** as `HYG` hit a 20-day low (**$77.86**), while Korea's 91-day CP rate (`KOR_CP_91`) jumped **+26bp (+8.81%)** in one month from **2.950% to 3.210%** (Score **1.4pt**) and the AA- corporate spread widened to **68.3bp**.
| Category | Indicator (DB Code) | Current Value | 5D Ago | 20D Ago (1M Change) | Quant Score & Regime |
| :--- | :--- | :---: | :---: | :---: | :--- |
| **Rates / Curve** | US 10Y Treasury Yield (`US_10Y`) | **5.18%** | 4.90% (+28bp) | 4.66% (**+52bp / +9.51%**) | Rate Score **0.3 pt** (Extreme Tightening) |
| **Rates / Curve** | US 10Y-2Y Term Spread (`US_10Y2Y`) | **+0.36%p** (+36bp) | +0.20%p (+20bp) | +0.39%p (-3bp) | **Bear Steepening** Accelerating |
| **Liquidity** | Fed Net Liquidity (`NET_LIQUIDITY`) | **$5,770.0B** | $5,797.5B (-0.47%) | $5,780.1B (-0.17%) | Liquidity Score **12.6 pt** |
| **Liquidity** | Treasury General Account (`FED_TGA`) | **$977.1B** | $877.0B (+$100.1B) | $832.8B (**+$144.3B**) | Cash Rebuild Draining Bank Reserves |
| **Liquidity** | Fed ON RRP Balance (`FED_RRP`) | **$0.576B** ($576M) | $33.62B | $1.01B (-43.2%) | **Depleted (~Zero Excess Buffer)** |
| **US Credit** | US High-Yield Spread (`US_HY_SPREAD`) | **2.80%** (280bp) | 3.00% | 2.94% (20D Low 2.60%) | **+20bp off 20D Low**, Credit Pillar **20.4 pt (BEARISH)** |
| **US Credit** | HY / IG Bond ETFs (`HYG` / `LQD`) | **$77.86 / $103.21** | $77.89 / $103.65 | $78.67 / $105.78 (-2.43%) | `HYG` at 20D Low; `LQD` Duration Loss |
| **KR Credit** | Korea KTB 3Y / Corp AA- (`KTB_3Y` / `AA-`) | **4.006% / 4.689%** | 3.635% / 4.294% | 3.550% / 4.197% | KR Credit Spread Widened to **68.3bp** |
| **KR Credit** | Korea 91-Day CP Rate (`KOR_CP_91`) | **3.210%** | 3.170% | 2.950% (**+26bp / +8.81%**) | Short-Term Funding Stress, Score **1.4 pt** |
| **Inflation / FX** | WTI Crude (`CRUDE_OIL`) / `DXY` | **$92.41 / 100.97 pt** | $96.32 / 100.51 pt | $90.13 / 99.61 pt | Sticky Oil (20D High **$105.83**) & Strong USD (**1,367.4 KRW**) |
---
## 2. Mathematical Shift in Required Returns (ke) & K-Shaped Polarization
> **[Core Diagnosis]** At a **5.18%** risk-free rate, institutional liquidity flows exclusively into companies whose Return on Invested Capital (`ROIC`) exceeds `ke` (**9.5%–12%+**) and whose monopolistic pricing power passes inflation directly to customers.
### ■ 3 Drivers of Capital Cost Re-Rating & Liquidity Crowding
- **[Structural Jump in Equity Hurdle Rates]** Under `Rf ≈ 2.0%`, a 4.0% ERP yielded `ke = 6.0%`; at `Rf = 5.18%`, even defensive stocks require **9.0%–9.5%**, while high-beta/levered equities (`β = 1.5`) must deliver **11.5%–13.0%+** annually just to justify their cost of capital.
- **[Flight to Pricing-Power Monopolies]** Net-cash fortress leaders (`MSFT` **1.75x** volume surge, `META` **+30.0%** 1M, `AAPL` **34 Up / 3 Down** 1D, `TSM` **26 Up / 3 Down** 60M, `Korean Air` **+11.7%** 1M) earn 5%+ interest on cash balances while expanding margins.
- **[Collapse of Unprofitable & Levered Laggards]** Cash-burning and debt-heavy names (`BYND` **-39.8%** 1M, `LCID` **-18.8%** 1M, `Ecopro` **-12.9%** 1M / **-47.1%** 6M, `Hanwha Solutions` **-12.6%** 1M / **-35.1%** 6M) face relentless institutional distribution across both daily and 60-minute timeframes.
| Segment | Ticker | Company Name | Price | 1M (20D) Return | 6M (120D) Return | Vol Ratio (5D/20D) | 1D Trend (Up/Down) | 60M Trend (Up/Down) | Key Support / Resistance |
| :--- | :--- | :--- | :---: | :---: | :---: | :---: | :---: | :---: | :---: |
| **Pricing Power & Net Cash** | `MSFT` | Microsoft | **$516.17** | +1.2% | **+43.8%** | **1.75x** | **Up 17 / Down 1** | **Up 7 / Down 2** | $497.25 / $519.40 |
| **Pricing Power & Net Cash** | `META` | Meta Platforms | **$751.66** | **+30.0%** | **+40.1%** | 0.96x | **Up 19 / Down 1** | **Up 40 / Down 4** | $743.01 / $779.82 |
| **Pricing Power & Net Cash** | `AAPL` | Apple | **$341.07** | **+6.7%** | **+38.3%** | 0.90x | **Up 34 / Down 3** | **Up 21 / Down 5** | $334.30 / $345.34 |
| **Pricing Power & Net Cash** | `TSM` | TSMC | **$450.61** | **+7.9%** | **+42.4%** | 0.99x | **Up 10 / Down 1** | **Up 26 / Down 3** | $449.01 / $455.03 |
| **Pricing Power & Net Cash** | `NVDA` | NVIDIA | **$225.07** | -4.5% | **+36.3%** | 1.07x | **Up 16 / Down 5** | **Up 21 / Down 5** | $208.93 / $234.76 |
| **Pricing Power & Net Cash** | `000660.KS` | SK Hynix | **1,862,000 KRW** | -2.4% | **+87.1%** | 0.93x | Up 5 / Down 9 | **Up 10 / Down 4** | 1,832,000 / 1,935,000 |
| **Pricing Power & Net Cash** | `005930.KS` | Samsung Electronics | **285,500 KRW** | -6.4% | **+51.1%** | 0.91x | Up 2 / Down 9 | **Up 16 / Down 1** | 281,000 / 288,000 |
| **Pricing Power & Net Cash** | `003490.KS` | Korean Air | **31,500 KRW** | **+11.7%** | **+24.0%** | 0.92x | **Up 13 / Down 1** | **Up 22 / Down 1** | 31,100 / 32,100 |
| **Rate Beneficiary** | `8306.T` | Mitsubishi UFJ Financial | **¥3,714** | -1.4% | **+40.7%** | 0.97x | **Up 22 / Down 6** | Up 6 / Down 7 | ¥3,415 / ¥3,813 |
| **Unprofitable / High Debt** | `BYND` | Beyond Meat | **$8.35** | **-39.8%** | **-54.4%** | 0.91x | **Up 1 / Down 16** | **Up 1 / Down 20** | $8.32 / $9.19 |
| **Unprofitable / High Debt** | `LCID` | Lucid Group | **$4.07** | **-18.8%** | **-55.5%** | 1.11x | **Up 2 / Down 18** | Up 14 / Down 13 | $3.94 / $4.55 |
| **High Valuation Laggard** | `086520.KQ` | Ecopro | **80,100 KRW** | **-12.9%** | **-47.1%** | 0.96x | **Up 1 / Down 9** | **Up 2 / Down 15** | 79,200 / 81,500 |
| **Levered Cyclical Laggard** | `009830.KS` | Hanwha Solutions | **29,200 KRW** | **-12.6%** | **-35.1%** | 0.77x | **Up 6 / Down 13** | **Up 2 / Down 15** | 22,000 / 38,550 |
---
## 3. True Epicenter of Systemic Risk: Private Credit ($2.1T+) & Zombie Refinancing Walls
> **[Core Diagnosis]** Equity drawdowns in unprofitable public growth stocks are absorbed by unlevered shareholders, whereas **floating-rate refinancing walls in Private Credit ($2.1T+) and zombie corporations** threaten multi-layered contagion across banks, insurers, and pension funds.
### ■ 4 Structural Vulnerabilities in Private Credit & Zombie Debt (IMF GFSR & Fed Financial Stability Report)
- **[1. $2.1T+ Floating-Rate Debt Trap]** Over **80%–90%** of Private Credit loans are floating-rate (`SOFR + 450–650bp`), causing borrowers' effective interest burden to double from 5–6% in the zero-rate era to **9.5%–12.0%+** today.
- **[2. Over 33% of Borrowers with ICR < 1.0x]** More than **one-third (>33%)** of private credit borrowers now fail to cover interest expenses with operating cash flow (`ICR < 1.0x`), while 30%–40% of Russell 2000 firms face a 2026–2028 refinancing wall.
- **[3. Masked Defaults via PIK & Amend-and-Extend]** Managers artificially suppress headline default rates and smooth NAV volatility by converting cash interest into **Payment-in-Kind (PIK)** principal additions and extending maturities, compounding terminal default severity.
- **[4. Bank/Insurer Interconnectedness & Smart-Money Selloff]** Commercial banks (via NAV financing and subscription lines) and insurers/pensions (LP commitments) are deeply intertwined with NBFIs; equity markets are already pricing in this contagion as **Blue Owl (`OWL` -22.5%, 60M 1 Up / 38 Down)**, **Blackstone (`BX` -16.8%, 60M 5 Up / 30 Down)**, and **Ares (`ARES` -14.4%, 60M 4 Up / 30 Down)** suffer steep 1-month declines.
| Ticker | Alternative / Private Credit Manager | Price | 1M (20D) Return | 6M (120D) Return | Vol Ratio (5D/20D) | 1D Trend (Up/Down) | 60M Trend (Up/Down) | Key Support / Resistance |
| :--- | :--- | :---: | :---: | :---: | :---: | :---: | :---: | :---: |
| `OWL` | **Blue Owl Capital** | **$9.32** | **-22.5%** | **-24.2%** | 0.90x | **Up 1 / Down 14** | **Up 1 / Down 38** | $9.02 / $9.51 |
| `BX` | **Blackstone** | **$118.42** | **-16.8%** | +0.3% | 0.92x | **Up 2 / Down 14** | **Up 5 / Down 30** | $115.28 / $119.50 |
| `ARES` | **Ares Management** | **$122.01** | **-14.4%** | +0.3% | 0.85x | **Up 2 / Down 13** | **Up 4 / Down 30** | $116.30 / $124.02 |
| `KKR` | **KKR & Co.** | **$96.67** | **-11.1%** | -1.6% | 0.92x | **Up 1 / Down 12** | Up 9 / Down 6 | $93.96 / $97.59 |
| `APO` | **Apollo Global Management** | **$121.69** | **-9.9%** | +4.6% | 0.86x | Up 5 / Down 7 | **Up 3 / Down 19** | $118.50 / $124.04 |
---
## 4. Monetary & Fiscal Policy Crossroads: Scenario 1 vs. Scenario 2
> **[Core Diagnosis]** With ON RRP depleted (**$0.576B**) and oil at **$92.41/bbl**, authorities face a high probability of choosing **Scenario 2 (tolerating market-led default cleansing and absorbing a short-term shock)** over premature bailouts.
### ■ Path A [Scenario 1]: Opening Targeted Liquidity Backstops for Vulnerable Firms & Funds
- **[Policy Tools]** Expanding Standing Repo Facility (SRF) access, increasing Treasury liquidity buybacks, and deploying BTFP-style par-value collateral facilities for bank NBFI credit lines to facilitate roll-overs.
- **[Detection Signals]** Sustained expansion in `FED_WALCL` (**$6,747.7B**), rapid drawdown of `FED_TGA` (**$977.1B**), and artificial suppression of `US_HY_SPREAD` below **3.00%**.
- **[Structural Flaw]** Prevents immediate defaults but fuels moral hazard and reignites inflation, driving the **US 10Y yield above 5.50%+** via a bond vigilante revolt.
### ■ Path B [Scenario 2]: Market-Driven Default Cleansing & Absorbing Short-Term Shock (Core Preparation Target)
- **[Policy Tools]** Defending only core commercial banking payment rails while refusing bailouts for non-bank Private Credit (NBFI) and zombie firms (`ICR < 1.0x`) → **Allowing Chapter 11 restructurings, NAV write-downs, and fund gating**.
- **[Why Prepare Now]** (1) At 5.18% yields and $0.576B ON RRP, the Fed lacks justification to launch QE for private funds; (2) historically, central banks only intervene **after the first domino falls and causes a visible credit seizure**.
- **[Market Outcome]** Triggers an acute spike in `US_HY_SPREAD` (**450bp+**) and a brief passive-index liquidity squeeze, followed by lower long-term yields and **unrivaled market-share consolidation by net-cash monopolies**.
---
## 5. Pre-Emptive Portfolio Restructuring Protocol for Scenario 2
> **[Execution Directive]** Prepare immediately for the 3-stage Scenario 2 sequence (**Stage 1: Private credit/zombie liquidation → Stage 2: Brief passive index pullback → Stage 3: V-shaped outperformance by fortress monopolies**) using four strict rules.
### ■ 4 Portfolio Restructuring Rules
- **[Rule 1. Zero Out Private Credit & Floating-Rate Refinancing Exposures (0% Weight)]**
- **Alternative / Private Credit Managers**: Exit `OWL` (**$9.32**), `BX` (**$118.42**), `ARES` (**$122.01**), `KKR` (**$96.67**), `APO` (**$121.69**), and high-yield credit (`HYG` **$77.86**).
- **Unprofitable / High-Debt Laggards**: Liquidate `BYND` (**$8.35**), `LCID` (**$4.07**), `Ecopro` (**80,100 KRW**), and `Hanwha Solutions` (**29,200 KRW**) on any bounce.
- **[Rule 2. Compress Core Equity (70–75%) into 'Net Cash + Pricing Power + ROIC > 15%' Leaders]**
- **US Core**: **`MSFT`** ($516.17, 1.75x vol, support **$497.25**), **`META`** ($751.66, 1M +30.0%, support **$743.01**), **`AAPL`** ($341.07, 1D 34/3, support **$334.30**), and **`TSM`** ($450.61, 60M 26/3, support **$449.01**).
- **KR & JP Core**: AI memory monopolies **`SK Hynix`** (1,862,000 KRW, 6M +87.1%, support **1,832,000 KRW**) and **`Samsung Electronics`** (285,500 KRW, 6M +51.1%, support **281,000 KRW**), pricing-power carrier **`Korean Air`** (31,500 KRW, 1M +11.7%, support **31,100 KRW**), and rate-beneficiary **`Mitsubishi UFJ`** (¥3,714, 6M +40.7%, support **¥3,415**).
- **[Rule 3. Build a 25–30% 'Liquidity Call Option' in 5%+ Short-Term T-Bills]**
- Lock in risk-free **5%+ carry** with zero duration or credit risk, standing ready to deploy aggressively into fortress leaders at key support levels during a Scenario 2 volatility spike (`VIX > 25–30pt`).
- **[Rule 4. Track the 4 Real-Time Early Warning Triggers Daily]**
| Early Warning Trigger | Current Live Value (`2026-09-27`) | Scenario 2 Activation Threshold (Danger) | Scenario 1 Pivot Signal (Backstop) |
| :--- | :---: | :--- | :--- |
| **1. US High-Yield Spread (`US_HY_SPREAD`)** | **2.80%** (280bp) | **Breach above 3.50%** & spike toward **4.50%+** | Compression below 3.00% & `HYG` ($77.86) rebound |
| **2. Korea 91D CP (`KOR_CP_91`) & AA- Spread** | **3.210%** / **68.3bp** | CP rate **> 3.50%** & AA- spread **> 85bp** | Stabilization of CP rate below 3.00% via BOK support |
| **3. Private Credit Canaries (`OWL`, `BX`, `ARES`)** | `OWL` **$9.32** / `BX` **$118.42** | `OWL` **breaks $9.02** & `BX` **breaks $115.28** | 60M trend reversal to buying dominance (Up > Down) |
| **4. Fed Net Liquidity (`NET_LIQUIDITY`) & `TGA`** | **$5,770.0B** / **$977.1B** | Net Liquidity **breaks below $5,600B** | SRF activation & `TGA` drawdown lifting Net Liquidity **+$150B** |
THEMATIC · 기획·테마
2026-09-27
·
BATUR QUANT RESEARCH
[Global Macro & Credit Strategy] US 10Y Yield Breaches 5% (5.18%) & Structural Shift in Required Returns: Private Credit Systemic Risk Crossroads and Portfolio Protocol
EXECUTIVE SUMMARY
- • [Rate Regime Shift] US 10Y Treasury yield hits 5.18% (+52bp in 1M) → 5%+ risk-free rate (Rf) pushes equity required returns (ke = Rf + ERP) to 9.5%–11.0%+
- • [K-Shaped Polarization] Amid sticky inflation (WTI $92.41) and 5%+ rates, liquidity crowds exclusively into fortress monopolies with proven growth and pricing power
- • [True Systemic Time Bomb] Filtering out unprofitable public stocks is healthy cleansing; the real systemic risk lies in Private Credit ($2.1T+, 9.5%–12%+ floating rates) and zombie firms (>33% with ICR < 1.0x) hitting refinancing walls
- • [Smart Money Front-Running] Private credit managers plunged over the past month — Blue Owl (OWL -22.5%), Blackstone (BX -16.8%), Ares (ARES -14.4%), KKR (-11.1%) — with extreme 60M selling dominance
- • [Policy Crossroads & Action Protocol] Between (1) liquidity backstops vs (2) market-driven default cleansing (Scenario 2), depleted ON RRP ($0.576B) heightens Scenario 2 risk → Exit private credit/zombie debt now; pivot to a barbell of cash-flow monopolies (MSFT, META, TSM, SK Hynix, Samsung Electronics, Korean Air) + 25–30% 5%+ T-Bill dry powder
GLOBAL MACRO SNAPSHOT
RORO: 50.7pt (NEUTRAL (CREDIT BEARISH 20.4pt))
연준 순유동성
$5770.0B
미 10년물 금리
5.18%
WTI 원유
$92.41
원/달러 환율
1354.4원
리포트 핵심 공략 & 분석 종목군
QUANT CONFLUENCE
🟢 코어 편입 · 비중 확대 대상
BUY · OVERWEIGHT
순현금 보유 · 독점적 가격전가력 · ROIC > 15% 및 기관 수급 유입 확인 우량주
MSFT
마이크로소프트
▲ 코어 편입
$516.17 · 6M +43.8% · 수급 1.75x
엔터프라이즈 AI·클라우드 독점 가격결정권 및 막대한 순현금 보유 (일봉 ▲17:▼1)
실시간 퀀트 차트 열기→
META
메타 플랫폼스
▲ 코어 편입
$751.66 · 1M +30.0% · 6M +40.1%
AI 타겟팅 기반 광고 단가 전가력 및 압도적 잉여현금흐름 창출 (60분봉 ▲40:▼4)
실시간 퀀트 차트 열기→
AAPL
애플
▲ 코어 편입
$341.07 · 1M +6.7% · 6M +38.3%
생태계 락인(Lock-in) 가격 결정권 및 순현금 이자수익 수혜 (일봉 ▲34:▼3)
실시간 퀀트 차트 열기→
TSM
TSMC
▲ 코어 편입
$450.61 · 1M +7.9% · 6M +42.4%
선단 파운드리 공정 독점 지배력 및 판가 인상 전가력 입증 (60분봉 ▲26:▼3)
실시간 퀀트 차트 열기→
NVDA
엔비디아
▲ 코어 편입
$225.07 · 6M +36.3% · 수급 1.07x
AI 인프라 독점 생태계 및 초고마진 현금창출력 유지 (일봉 ▲16:▼5)
실시간 퀀트 차트 열기→
000660.KS
SK하이닉스
▲ 코어 편입
1,862,000원 · 6M +87.1%
AI HBM 메모리 공급망 독점적 가격 협상력 및 이익 레버리지 (60분봉 ▲10:▼4)
실시간 퀀트 차트 열기→
005930.KS
삼성전자
▲ 코어 편입
285,500원 · 6M +51.1%
초대형 순현금 대차대조표 기반 고금리 방어력 및 메모리 수혜 (60분봉 ▲16:▼1)
실시간 퀀트 차트 열기→
003490.KS
대한항공
▲ 코어 편입
31,500원 · 1M +11.7% · 6M +24.0%
노선 독점 지배력으로 고유가($92.41) 비용을 운임에 즉각 전가 (60분봉 ▲22:▼1)
실시간 퀀트 차트 열기→
8306.T
미쓰비시 UFJ
▲ 코어 편입
¥3,714 · 6M +40.7%
장단기 금리차 스티프닝 및 고금리 환경의 최대 예대마진 수혜주 (일봉 ▲22:▼6)
실시간 퀀트 차트 열기→
🔴 위험 경보 · 비중 축소/배제 대상
AVOID · UNDERWEIGHT
사모신용(Private Credit) 부실 진원지 · 무수익 고부채 · 차환 절벽 및 수급 이탈 종목
OWL
블루아울 캐피털
▼ 비중 축소
$9.32 · 1M -22.5% · 6M -24.2%
중견기업 사모신용 직접대출 부실 우려 선행 반영 · 지지선($9.02) 위협 (60분봉 ▲1:▼38)
실시간 퀀트 차트 열기→
ARES
아레스 매니지먼트
▼ 비중 축소
$122.01 · 1M -14.4%
변동금리(SOFR+가산금리) 사모대출 차주 이자보상배율 악화 경보 (60분봉 ▲4:▼30)
실시간 퀀트 차트 열기→
KKR
KKR & Co.
▼ 비중 축소
$96.67 · 1M -11.1%
LBO 차입매수 조달비용 상승 및 엑시트(Exit) 지연 리스크 반영 (일봉 ▲1:▼12)
실시간 퀀트 차트 열기→
APO
아폴로 글로벌
▼ 비중 축소
$121.69 · 1M -9.9%
사모크레딧 및 레버리지론 스프레드 확대 우려로 기관 매도 우위 (60분봉 ▲3:▼19)
실시간 퀀트 차트 열기→
BYND
비욘드 미트
▼ 비중 축소
$8.35 · 1M -39.8% · 6M -54.4%
영업현금흐름 적자 및 고부채 한계 성장주 · 극단적 수급 역배열 (60분봉 ▲1:▼20)
실시간 퀀트 차트 열기→
LCID
루시드 그룹
▼ 비중 축소
$4.07 · 1M -18.8% · 6M -55.5%
대규모 현금 소진(Cash Burn) 지속으로 자본조달 비용 급등 타격 (일봉 ▲2:▼18)
실시간 퀀트 차트 열기→
086520.KQ
에코프로
▼ 비중 축소
80,100원 · 1M -12.9% · 6M -47.1%
요구수익률(ke) 상승에 따른 고밸류 할인율 타격 및 수급 이탈 (60분봉 ▲2:▼15)
실시간 퀀트 차트 열기→
009830.KS
한화솔루션
▼ 비중 축소
29,200원 · 1M -12.6% · 6M -35.1%
설비투자 차입금 이자 부담 및 원가 상승 전가력 부재 (60분봉 ▲2:▼15)
실시간 퀀트 차트 열기→
Batur Global 퀀트 터미널
16,345개 전 종목의 핵심 저항선·지지선 및 수급 지표를 실시간 인터랙티브 차트로 확인하세요.
통합 매크로 대시보드
연준 순유동성, RORO 4대 Pillar, 5대 테일리스크 매트릭스를 인터랙티브 차트로 확인하세요.