4 months COL: Stock market bull run intact despite volatility MB |Biz
By James A. Loyola Despite some challenges, top online brokerage firm COL Financial believes that the current bull run in the local stock market is sustainable with the main index on track to end the year at the 8,600 level. In a press briefing, COL Chief Equity Strategist April Tan said this is supported by the fact that several factors that pulled the market down in 2018 have already reversed. These include last year’s spike inflation, hike in bond rates, the weakness of the peso, and the exit of foreign funds. In 2019, interest rate cuts and other monetary easing ... more