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IHSG Journal 🍀🌞

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Lacks of conviction. For me, the market is neither high enough to justify taking profits nor low enough to warrant speculative buying. There is also no clear signal to buy or sell. We are waiting for the midterm election results to move the needle and provide clearer direction. https://t.co/rP4e7cAiye

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The market is focused on the upcoming October 27–28, 2026 FOMC meeting. The markets price 72% probability of a temporary pause this week due to cooling job growth, any hawkish signal pointing toward a December rate hike directly reprices global risk assets downward.

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Most people are discounting the potential outflows out of fear. At some point, the underestimated inflows driven by greed will make everyone humble about the situation. When something is too good and trading at a deep discount, buyers will come from every direction.