Quick look at the week ahead
Craziness in the US and global banking sector aside, this week will be a busy one.
The Alternergy [ALTER] IPO offer period is over, but the Philippine Business Bank [PBB 9.75 0.5%] SRO offer period will begin and run until Thursday.
Tuesday morning we’ll hear about the US Federal Reserve’s decision on whether it will continue to raise interest rates to fight inflation, or whether it will “pause” (not raise) in order to throw a lifeline to struggling lower-tier banks.
Tuesday is also the start of the Upson International [UPSON 2.40 pre-IPO] offer period which will run until March 27.
Then, on Thursday, our own BSP will meet to decide what to do with our interest rates. Then, to top it all off, we get our first IPO of 2023 when ALTER goes live on Friday morning.
MB BOTTOM-LINE
Sometimes the world of financial news can be a little feast-or-famine, and this week is definitely going to feel like a boodle fight of stuff going on, with the drama of the international banking crisis, domestic earnings season, the US Fed decision, the BSP decision, and an IPO.
The truth is, I have no idea what is happening. It feels like there are a lot of moving pieces, and I’m not very confident in any direction short-term.
But my investment approach or strategy might be different from yours, and maybe your strategy feeds off of high-event periods like this with lots of volatility.
Mine doesn’t, so I try to stay in my lane, double-check my risk management assumptions, and keep my eyes open for shifts that might affirm parts of my thesis or cause me to revise it.
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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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