Post by account_disabled on Dec 26, 2023 0:25:44 GMT -5
Mr. Teeraset Promphong, Macroeconomic Strategist Maybank Kim Eng Securities Public Company Limited (Thailand) estimates that for Joe Biden, the 46th President of the United States, Although the counting of votes for the US election has not yet officially ended, But in the latest situation, Joe Biden has a high chance of winning the election and becoming the new president of the United States. which if the score does not change from the present The result ended in a victory for Joe Biden with a score of 270 to 268 in the Electoral Vote, a result consistent with pre-election polls in which Joe Biden led all along, but it turned out not to be as decisive as the market expected. Previously, because Donald Trump was able to sweep votes in large states like Texas and swing states like Florida, Georgia and North Carolina, the results were quite close. It was also considered an incomplete victory for the Democrats, who had a majority in the House of Representatives, while in the Senate the majority went to Republicans. As a result, the market lowered its expectations of seeing the Blue Wave not be a decisive victory.
It even reflects the government's lack of unity. and may cause concern about the passage of a new round of fiscal stimulus measures from the United States. But if we look back during the counting of votes There was a moment when Donald Trump's scores turned around and overtook him. and has an attitude of winning As a result, profit-taking pressure has put pressure on global stock markets, which have already short-corrected during the day. This indicates that the market is disappointed with the emergence of the Blue Wave and has Telegram Number Data already reflected in the stock price. Therefore, even though the result is that Joe Biden's government does not have a majority in both the lower and upper houses of parliament, It will not have a significant negative impact on the market. Due to the market "Not based on high expectations" if compared to the previous period. Election Rally occurs. The Thai stock market, which has been depressed for a long time, will give weight to positive factors in the short term. The clarity of the election results comes with the expectation of seeing change for the better. Under the leadership of the new government as well as pushing forward economic policies that have been outstanding since before the election. Including the opportunity to use financial easing measures that will continue in the long term.
This will be a factor that causes a risk on situation in the global financial market from liquidity in the system that will continue to increase. And if we evaluate the picture of the Thai stock market, we find that it has been in a state of depression for a long time. Therefore, there is a high possibility of reaching the unlock point and starting to enter the recovery point. It is expected that the market will give weight to Joe Biden's positive policies that will occur in the short term. This is more than negative policies for the stock market, which mostly occur in the long term. And it does not happen easily in the midst of an economic slowdown, such as tax increases or Green Energy that affects the Oil and Gas industry, etc. It is estimated that stocks are likely to outperform within a time frame of 1-3 months from the Election Rally. And continue until there is a chance of the January Effect, which is a group of large stocks whose prices are currently at an interesting point and are beginning to show positive signals, reflecting the chance that the earnings trend will pass the lowest point.
It even reflects the government's lack of unity. and may cause concern about the passage of a new round of fiscal stimulus measures from the United States. But if we look back during the counting of votes There was a moment when Donald Trump's scores turned around and overtook him. and has an attitude of winning As a result, profit-taking pressure has put pressure on global stock markets, which have already short-corrected during the day. This indicates that the market is disappointed with the emergence of the Blue Wave and has Telegram Number Data already reflected in the stock price. Therefore, even though the result is that Joe Biden's government does not have a majority in both the lower and upper houses of parliament, It will not have a significant negative impact on the market. Due to the market "Not based on high expectations" if compared to the previous period. Election Rally occurs. The Thai stock market, which has been depressed for a long time, will give weight to positive factors in the short term. The clarity of the election results comes with the expectation of seeing change for the better. Under the leadership of the new government as well as pushing forward economic policies that have been outstanding since before the election. Including the opportunity to use financial easing measures that will continue in the long term.
This will be a factor that causes a risk on situation in the global financial market from liquidity in the system that will continue to increase. And if we evaluate the picture of the Thai stock market, we find that it has been in a state of depression for a long time. Therefore, there is a high possibility of reaching the unlock point and starting to enter the recovery point. It is expected that the market will give weight to Joe Biden's positive policies that will occur in the short term. This is more than negative policies for the stock market, which mostly occur in the long term. And it does not happen easily in the midst of an economic slowdown, such as tax increases or Green Energy that affects the Oil and Gas industry, etc. It is estimated that stocks are likely to outperform within a time frame of 1-3 months from the Election Rally. And continue until there is a chance of the January Effect, which is a group of large stocks whose prices are currently at an interesting point and are beginning to show positive signals, reflecting the chance that the earnings trend will pass the lowest point.