US stock markets started the week (13/12) with a decline in all three major indexes; led by Nasdaq which fell 1.39%. Market participants began to worry again about the impact of the Omicron variant, after the UK recorded the first death due to the variant. Meanwhile, this week’s meeting of the Federal Reserve is also expected to speed up the tapering-off policy period.
From the domestic market, JCI was still able to slightly strengthen by 0.15%; with the Transportation sector recording an increase of 3.14%. Investors will still be waiting for the results of this week’s central bank meeting, while expecting the window dressing effect to return to being a positive catalyst. Technically, JCI has the opportunity to experience a decline with a projected range of movement at 6,600-6,700.
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