Thailand SET Index (NYSEARCA:THD): The SET closed below 1482.01 and is back in bear market territory

 


Keep an eye on the relative strength (RS) between MSCI Thailand and MSCI EEM (Emerging Markets) as it may be about to break below the key support level at 1.66. Be aware that since March this year, the Fed has been reducing the size of its balance sheet by about $700 billion to $8.0 trillion, as of September 27. Higher interest rates in the U.S., plus the ongoing liquidity drain, could pose risks to the emerging markets as they become less attractive for investors. The next support for the SET index is 1461.61, or its June 2023 low.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!


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