Wall Street started strong this week, marked by new record closes on all three major markets. Investors seemed very optimistic that the USD 1.9 trillion stimulus package would be endorsed soon. Finance Minister Janet Yellen said that the US economy will be able to fully run in 2022 with this stimulus.
Domestically, JCI was still able to continue its upward trend through the 6,200 level, amid the release of the IKK figure which had dropped to 84.9. Investors will measure the impact of social restrictions as it enters the Micro PPKM phase, both on the economy and on the handling of the pandemic. For today, JCI is expected to move in the range of 6,150-6,250.
Download full report HERE.
