Over the past week, the major US markets were still able to post weekly gains. Investors have begun to respond to the financial performance of several companies that have started to be released, as well as the commitment of Biden’s administration to take major actions in facing the economic crisis. This week, investors will observe the results of the FOMC meeting and the release of US GDP data for the fourth quarter of 2020.
Domestically, the JCI declined by 1% last week although foreign investors recorded a net buy. The government’s decision to extend PPKM tends to weigh on the market’s sentiment, while investors are still waiting for the start of the financial report release season. For today, JCI is expected to move in the range 6,200-6,450.
Download full report HERE.
