IHSG: From Trade War to Military War. What’s Next?

Key Summary:
- Maintain tactical buy as IHSG is expected to trade sideways
- From trade to military war, what's the next market narrative?
- Algo Research Alpha model portfolio average returns +18%
Amid ongoing volatility and uncertainties, 2025 is shaping up to be one of those years equity investors and traders would prefer to forget.
IHSG has declined around -3% this year (-11% from its peak), weighed down by poor performance in large cap stocks as seen in Sri-Kehati (-7% YTD) and LQ45 (-8% YTD).