US stock markets closed in the red (14/09), with all three major indexes declining 333482 simultaneously. The release of CPI data for the August period which was below expectations raised new questions about the direction of the Federal Reserve’s monetary policy. Meanwhile, investors are also concerned about the possibility of an increase in the US corporate tax rate from 21% to 26.5%.
Domestically, the JCI managed to score a rebound supported by increases in 10 of the 11 sectoral indexes. Investors appreciate the continued decline in the number of active Covid-19 cases and some easing in PPKM rules set by the government. Technically, JCI still has the opportunity to strengthen, limited to the range of 6,100 – 6,169.
Download full report HERE.