Quick look at the week ahead
This is the last of the idle weeks before everything has the potential to get weird when the US Federal Reserve makes its next move on February 1st.
There will be a series of high-profile earnings releases in the US that could make for some chatter (especially Tesla on Tuesday night), and a bunch of US economic data will be released on Wednesday night that might make for an interesting Thursday morning.
For the PSE specifically, though the only “official” calendar action that we have is the end of the Union Bank [UBP 92.0 1.7%] stock rights offering (SRO) offer period, which is on Friday, and that’s not really going to do anything to the PSE one way or another.
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I hope you’ve taken this quiet period to familiarize yourself with your portfolio, strategy, and goals for this trading season.
Things are going to pick up by this time next week, both with domestic and international developments that will have the ability to move our market and specific stocks.
Psychologically, it seems like PSE investors are excited about the possibility of the bull market running further, but not to the degree that has the ability to feed on itself just yet.
There’s still a healthy level of scepticism.
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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