Big-Spending Biden Lifts Investors’ Spirits

Recap: The US equity futures rose ahead of data expected to show the biggest increase of jobs in five months. Investors are optimistic about the US economic recovery after President Biden’s massive infrastructure proposal and the upcoming corporate earnings season.

The SET index moved in a range of 1,580.90 and 1,606.41 points this week before closing yesterday at 1,596.27, up 1.36% from the previous week, in daily turnover averaging 80.88 billion baht.

Institutional investors were net buyers of 3.66 billion baht and foreign investors bought 3.19 billion baht. Retail investors was net sellers of 6.28 billion baht while brokerage firms offloaded 575.17 million baht worth of shares. Read more…..


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While markets have not reacted negatively to hints from Janet Yellen about hiking taxes, Gareth Soloway, chief market strategist of, said that investors are still waiting to see how much taxes will be raised.

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