Today is the 209th day of 2025. July is 90% complete, and FY25 is 57% of the way gone. The PSEi was up 1.7% last week, but ended on Friday down from its mid-week highs and giving the impression that we’re still rangebound between our support at 6,200 and the wall of resistance at 6,700.
> PH: The first thing on our schedule is President Marcos’s State of the Nation Address (SONA), which he will deliver at 4 PM today (after the market closes). Then, on Thursday, we get the close of the Filinvest Development FOO offer period.
> International: We find out on Thursday whether the US Federal Reserve will cave to Donald Trump’s mounting pressure, or if it will stay the data-driven course that it has used to navigate the US economy through the inflation crisis without falling off the cliff on either side.
MB bottom-line: The readers who have signed up for my MB Google Calendar will know that I’ve already booked a big vacation for myself that will start on Friday. I’m taking all of August off. I know some of you will think that this is because of Aughost, and that others of you will have noticed that I’m just tired. And still others of you (mostly my wife and kids) will have noticed that a lot of little side projects have been piling up around the house and the noise they make in my brain is just getting too loud to ignore. I’m taking a break from writing for all of those reasons. I’m not ruling out sending one-offs if something truly incredible happens, but I just can’t get myself hyped up for trying to make delicious lemonade about yet another day of disclosures where the most interesting thing that happened was that DigiPlus went down and up on the same day. I’m going to recharge the batteries for the “ber” month push!
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