Thailand is on holiday today and tomorrow. But as of writing nothing “serious” in the media/corporates have appeared. Thus the same story continues.
Vietnam had 3 new cases for the first time in 100 days and their market is -7% over 2 days. Granted that market daily value traded is an 1/8 of Thailand’s so the volatility is higher, should testing increase in Thailand and there are more cases could we see the same here?
Looking at commodities….they’re moving up quickly, oil is lagging due to its own oversupply issues in storage for the time being, once nearly cleared (~3-6 months it seems), I wouldn’t be surprised to see it go as well…stagflation thesis seems to hold thus far.
Protests are happening again, thankfully relatively calm, unlike the yellow & red shirts (btw if you know any yellow shirt supporter that is currently fed up with the current government, just laugh in their faces). But the chorus is growing throughout the country which is different versus being in Bangkok only. I continue to see it growing, if it gets violent then the same playbook applies as per the past.