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Strategies for today’s volatile markets
Know these defensive plays and strategic bond positions you can consider amid global economic shifts.
By Metrobank Trust Banking Investment Team
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In the face of recent market volatility and economic uncertainties, it may be time to recalibrate your strategies.
We have a complex picture of the global economic landscape right now, with the US Federal Reserve maintaining steady interest rates while recession indicators signal caution. A more defensive positioning may be appropriate.
For the Philippine market, we have adjusted our end-of-year target for the local index to 6,900, down from the previous 7,200. This revision reflects a more conservative price-to-earnings multiple of approximately 12 times, compared to the previous 13 times.
Promising sectors
Despite this downward adjustment, we remain optimistic about specific sectors. Banks, utilities, and telecommunications companies continue to be top picks, offering a balanced mix of d