Hey look, Thailand is up in YTD THB and USD terms. Who woulda thunk it?

The Vayupak fund probably still has another 2-3 weeks worth of buying into the Thai Equity market, and when this is done….who knows. Until then 1,500 appears on the cards, yup it’s only +2% from here..but on the first week of November we have the US election results…this coincides with 3Q earnings season…here’s my simple 2 cents (from following those more informed than I am…)…if camel toe harris wins – USD dumps and we make a small fortune on the currency strengthening and fund flow to Asia as everyone will have to sell out of the US…if Trump wins…USD strengthens…and Thailand will continue to pitty-patter around this level…But my favourite thesis is that the US will not be able to determine a US President immediately and that it’ll be a mess similar to Gore-Bush back in the day. Now that would be truly amusing.

I suspect Thai corp earnings are going to surprise positively, why…expectations are still stupidly low…