The PH market would be focused on the GDP figures by Thursday with estimates ranging from 6.4 - 6.9% by the WB. Whatever, the figures comes out from the report, price range would swing in both directions and eventually would retest a run as we expect a more decent figure above average that will show the PH resiliency on growth as these are the positive after effects that are just showing the effectiveness of the PH economy's programs implemented from the last 6-8 years .
Meanwhile, the PSEI has recovered from two recent lows at 7685 and 7724 while it made a two recent high at 7860 and 7840 from their daily trading sessions. Staying above the 7800 and slowly narrowing the trading range shows a steady price levels as market participants await the results of the GDP figures by Thursday. As this may bring about fresh incentives for the market to increase market volatility by the end of the trading week.
Let us see how the PSEI can isolate itself from the ill effects of a political battle front that Pres. Donald Trump is facing and how the US markets react on these issues.
ReplyDeleteAs of this writing, the #DOW, #SP500 & #NASDAQ are down and may create a ripple effect towards the subsequent markets in Asia and Europe. However, this will be defined tomorrow when the markets open but would not discount the probability that markets would have contrasting market swings.
ReplyDeleteBut what is more important is at the end of the week's trading the true colors of what the market has already defined would be 'REFLECTED' thereafter. That is why it is important to be able to know how to HANDLE A MARKET SELLOFF or a MAJOR CORRECTION whenever it occurs.