THE ECONOMY will not deteriorate further in the next 12 months as businesses are gradually resuming and with the virus better managed, Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said on Friday.

“Let me assure everyone that based on immediate past, nowcast, and forecast data, the Philippines is now on its way to recovery. Hence, the economy would be in a better — not worse — shape 12 months from now,” Mr. Diokno told reporters in a Viber message on Friday. READ MORE

WHAT IS THE INDEX SAYING?

PSEI is forming a Symmetrical Triangle but on the downside – with BSP comment and assurance will the market take an opposite direction – we will see tomorrow

KEY TAKEAWAYS

  • Stick good fundamental companies
  • Speculation on cheap stocks for now can be dangerous as defaults are expected this quarter
  • New Energy sector, telecommunication and Health Services could be good direction for investment for now

WHAT ABOUT THE OIL, GOLD, SP500 & DOW30?

KEY TAKEAWAYS

  • UK BREXIT – may be the triggering factor for stock market this week and coupled with US Economy – READ MORE – BREXIT
  • Uncertainty of the Vaccine can drag the market sideways
  • We see more disruptions as the second wave kicks in
  • We remain cautious as the market remains fragile

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