The week ahead

Bitcoin and all of its crypto bastard children are still top-of-mind for me this week, but I’m also planning to spend some time thinking about the US Dollar and the Peso exchange rate to see if there are any adjustments that I need to make to any of my holdings.

> PH:  The week of scheduled events starts on Tuesday with MREIT’s payment of Q3 dividends. Then on Thursday, we hear about the November CPI and inflation data from the Philippine Statistics Authority. We finish the week on Friday with FILRT’s payment of Q3 dividends and DITO’s listing of its follow-on offering.

> International:  We will hear US Q3 GDP and jobless claims on Thursday, but it’s hard to watch anything other than bitcoin, currencies, and gold right now. 

MB BOTTOM-LINE:  Earnings season is behind us. We’re getting into the thick of the oppressive Christmas party season. We still have a lot on the schedule, but most of it is dividend-related except for the interest rate decisions in mid-December from both the US Federal Reserve and the Bangko Sentral ng Pilipinas. I’m not saying that we’re going to have a quiet December, but I don’t think there are a lot of fireworks on the schedule. That doesn’t mean we won’t get sideswiped by some random bit of scandal like the PLDT capex thing from last Christmas, or that we won’t get to witness some great melt-up or melt-down in crypto while many are home and bored over the holidays. I usually plan to take a break from the market, but I always keep my eyes on the news in case we get another basurapalooza or something.

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