check out the rally after 2PM
went well above 7700
but fell back below 7700
![]()
check out the rally after 2PM
went well above 7700
but fell back below 7700
![]()
"World's WORST Stock Market in the World"
World’s Worst Stock Market Slides Into ‘Death’ Territory - Bloomberg
The Philippine Stock Exchange Index, the world’s worst performing equity benchmark with a year-to-date loss of about 10 percent, is poised for more weakness as its 50-day moving average slips below its 200-day line, forming a bearish pattern called a “death cross.” In the three previous instances of this pattern for the benchmark, Philippine equities sank deeper. More than $30 billion in market value has already been erased since the gauge peaked on January 29 as investors sold down amid fears rising inflation could trigger a sharper rate increase by its central bank.
fundamentals
watch earnings
usually earnings are in line with expectations
but going forward earnings could disappoint coz of inflation
at the same time this is happened
https://www.bloomberg.com/news/artic...d-of-elections
Malaysia Stocks Hit Record as Foreigners Buy Ahead of Elections
looks like fund managers shifting capital from PH to MY
PHP is already weak against a weak dollar
what happens if the dollar strengthens?
BSP is downplaying inflation saying it's temporary
we'll get even more inflation if the dollar strengthens
how long can BSP stay on hold?
Putting all the global factors aside (since everyone suffers from them), it seems that the biggest factor that has caused the PSEi to tumble down is the TRAIN law.
I wonder if they really thought this through or merely pandered to the whims of a president who has admitted to having no economic aptitude.
Sent from my SM-G935F using Tapatalk
Weak peso against a weak dollar
Now the weak peso against a strengthening dollar
![]()
US 10Y yield closes in on 3%
the incentive for foreign funds to chase yield in EM equities diminishes as US Treasury yields rise
Having a budget deficit means...
Philippines to borrow more from foreign lenders
Tsk tsk. Very bad for my upcoming loan. [emoji24]
Sent from my SM-G935F using Tapatalk
Ack!!!!!!! Ughhh bad news indeed.
Sent from my SM-N950F using Tapatalk Pro