06/02/2018
JUST IN!!!Market Update:
It’s a global bloodbath! Asian markets react to the major plunge in US stocks. S&P and Dow Jones fell by 4%, shedding as much as 1,500 points during intraday trading last night (PH Time). This is the biggest drop in US markets since 2011. Japan’s Nikkei and Hongkong’s HangSeng are down by at least 4.5% as of 10:30AM today. For friends and clients who are investing in Asian and US markets, this is a good time to hedge and rebalance your portfolios.
The Philippine Stock Exchange Index is down further by 2% as of 11am today, while inflation came as a surprise at 4%. If your money is sleeping in time deposits with rates lower than inflation of 4%, then you are technically losing money. 🔻👎🏻
Investors, banks, conglomerates, and other financial institutions are cashing in on this market drop. This is the breather that investors are waiting for after an extended rally. If you have UITF, mutual funds, or insurance VULs that are invested in equities, this is the best time to make topups. If you haven’t invested yet, there’s no better time than NOW.