20.02
Ihsg 8,271

Top value
Bumi 1.1T -2%
Zata +34.7% (illiquid - gambling for FOMO max loss-it-all portion)

Gold stock
$MDKA +1.7%, $AMMN +2.9%, $UNTR +1.5%, Arci +2.5%

- Beware of end-of-month rebalancing
- Stay on the middle, less aggresive position

Weekly update
Kospi +5.4%, S&P +1%, Nasdaq +1.5%
Btc >67k, Gold >5k
Jpy/Idr 108.7

- Supreme court vs Trump's tarrifs
- Retail flows on equity (US, Indo)
- Commodities, oil, geopolitics
- Gold-reserve and China
- Narrowing UST yields

Commodities (weekly)
Wti +5.5%, Ng -6%
Tins -7.9%, Nickel +1.9%

Next week data
US oil stock, US initial jobless, US core PPI

Credit: Syailendra & Investing