US markets managed to close higher on trading (07/10/2020). The market welcomed news from President Donald Trump who asked Congress to pass the smaller stimulus packages, some of which are for the airlines. This happened after the President had postponed negotiation for a comprehensive stimulus package.
Domestically, investors will sill pay close attention to the details of Cipta Kerja Law, especially on dividend taxation and sectors that potentially benefit from the law. Meanwhile, today’s JCI still has the opportunity to rally, after managing to close above level 5,000 with the positive MACD indicator. In addition, yesterday’s JCI movement also closed the gap that occurred at the beginning of the week.
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