Wall Street index closed lower starting the US stock trading day of 2023, with the Dow Jones slightly weakening by 10 pts, triggered by a 12,2% and 3,7% drop in Tesla and Apple stocks, respectively. This happened after Tesla could not reach quarterly delivery estimates, and Apple hit its lowest price since June 2021 as its rates were downgraded due to production cuts in China. Moreover, the USD strengthened, welcoming the FOMC Meeting Minutes with the expectations of more signals for monetary policy tightening onwards. A line of important economic data will also be awaited, such as the ISM Manufacturing PMI (Dec.) and JOLTs Job Openings (Nov.), providing clues on where the US economy is moving.

JCI continued its short-term up-swing bullish with a gain of 37.7 pts to 6888.76, supported by the realization of state revenue in the 2022 State Budget (APBN) reaching IDR2626.4 trillion; exceeding the target of 2266.2 trillion (up 30.6% YoY). The realization of state revenue is supported by tax revenues, customs and excise duties, and Non-Tax State Revenue (PNBP), which are also above expectations. JCI also steadily continued its short-term up-swing Bullish, a gain of 0.55% to the level of 6888.76, moving towards the TARGET of 6950-6960 up to the psychological level of 7000 as the beginning of the January Effect.

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