Fed chair's hawkish Jackson Hole remarks have raised market expectations of a September rate hike to 57%, tightening global financial conditions and pressuring Thai equities. The SET index is forecast to trade sideways-to-down within 1,575–1,590 points today. Analysts recommend selective stock picking focused on companies with strong H2 earnings momentum, while domestic political uncertainties (Constitutional Court verdict on ballot QR codes on 28 September) may add volatility. Medium-to-long-term strategy favors value stocks and domestic plays benefiting from local economic recovery.