Oil price normalization opens a window for mean reversion trade The Thai SET index continues to defy gravity, extending the rally by nearly 5%pt over the last one month. Would the US-Iran peace deal and oil price normalization provide an additional boost to equities? We believe the answer would be different for different sectors. Energy, Utilities, and Materials sectors' profitability outlook would likely reverse after a period of strong upgrades. On the flip side, the consumer sector should benefit from lo ...