The week ahead

Today is the 90th day of the year. This is the last day of March, and the last day of Q1. The PSEi can’t seem to get any momentum to break free of 6,000. It feels like a trip to the 5s is always just a bad day away.

> PH:  Today is the last day of the TOP IPO offer period. The shares will list on April 8. Tomorrow, we have a non-trading day to recognize Eid, and then it stays quiet until we get a flurry of activity on Friday, with MREIT’s Q4 dividend payment, the PSA’s March inflation report, and the end of MWIDE’s preferred shares offer period.

> International:  There could be huge fireworks this week, as Tuesday (in the US, Wednesday morning here) marks what Trump has been calling “Liberation Day”, which is when a large (and changing) array of tariffs are meant to kick in against some of America’s closest allies and most important trading partners. We also get data from the US about its March auto sales report, which could give us some information about how the tariffs that have already been implemented have impacted prices and 

  MB BOTTOM-LINE:  This is a big geopolitical week that could have a lot of long-term impacts that are both subtle and right up in our faces. I’m just a keyboard warrior with a wife, two kids, and a cat, so predicting what’s going to happen is way too far above my pay grade. I’m playing defense. I’m not sticking my neck out too much. I’m not in shitcoins. I’m not betting on global growth. I’m not betting on domestic growth. I want to, but I also don’t want to pay the price for jumping the gun. I’m happy to lose out on some long-term gains from waiting if I can reduce the chance of eating short-term losses from being too quick. My sentiment is just my own though. I’m just some guy. It might not even matter to you and your style what happens abroad, so don’t take my caution as something that should automatically apply to you and your strategy. If a technical trader started to get worried about liquidity, that wouldn’t (really) mean much to me as a long-term holder. Just relating how I feel about it.

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