Over the past week, the three major US markets simultaneously recorded weakness. The higher number of new Covid-19 cases and the absence of a new stimulus package agreement are still the main themes in the market. But investors gained hopes from the sentiment of the vaccination program which is scheduled to start soon.
Domestically, the JCI still managed to strengthen by 2% last week with the level of 6,000 still being a strong resistance point. This week, investors will observe several economic agendas, such as the release of the November Trade Balance and the results of the Bank Indonesia RDG. For today, JCI is expected to consolidate in the range 5,911-5,980.
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