The major US indexes managed to rebound significantly at the beginning of the week (21/06/2021). Investors are seen chasing energy and financial stocks again after the massive sell-off that occurred last week. It followed a shift in the Fed’s policy which has begun to look more hawkish.
Even though it declined quite deeply throughout the day, JCI managed to minimize the weakening at yesterday’s closing. The tightening of the PPKM Mikro policy seems to have been anticipated by the market and is expected to be effective in containing the surge in Covid-19 cases. For today, JCI has the potential for a limited rebound with a range of movement at 5,944 – 6,114.
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