Merkado Barkada
December 16, 2024 | 8:12am
> PH: We start the week today with a big dividend payment: OGP’s Q3 div. Then, a huge expanse of nothing until the US Federal Reserve (the Fed) makes its final interest rate adjustment of 2024 on Thursday morning, followed soon after by our own Bangko Sentral ng Pilipinas (BSP).
> International: The only international thing I care about is the Fed’s Thursday morning decision.
MB BOTTOM-LINE: I’m basically checked out. This is the last full week of trading in 2024, but I don’t have any goals and I’m not looking to window-dress my positions. (Window dressing is what some fund managers might do, such as adding hot stocks or selling losers, to make their year-end portfolio look better.) Like I’ve talked about a few times before, I’m still observing the market because I’m trying to be an opportunistic sniper. I have a small list of stocks that I care about, and if anything happens to the broader market or to those stocks specifically that dumps the price I’ll be ready to act. That was the mindset I used to snatch up a bunch of AREIT earlier this year, and I’m going to go through the holiday season with my eyes open but my mind mostly on snacks, presents, and Christmas parties.
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