Dear subscribers,
The Philippine Stock market has undergone certain pressure that is halting its uptrend. Global factors include U.S midterm election result with US Congress, predominantly democrat candidates winning. In the local scene, the inflation rate was maintained at 6.7% which was still above expectations and GDP at 6.1% which was below expectation hence frustration global investors. The outcome moving towards risk-off sentiments.
I believe this is a temporary event and since the inflation rate has flattened. Hopefully, Sta Claus rally will come and bear bullish gift on the stock market this Christmas season.
God bless and Good luck