![[ANALYSIS] Philippine market reactions after SVB fall](https://i.headtopics.com/images/2023/3/17/rapplerdotcom/analysis-philippine-market-reactions-after-svb-fal-analysis-philippine-market-reactions-after-svb-fal-1636533669920686080.webp)
'The BSP and the BAP say 'local banks have stable funding and ample liquidity' following the collapse of the Silicon Valley Bank in the US.' ThoughtLeaders
Washington Mutual or “WaMu” , was the US’ largest savings and loan association bank until its collapse, which fueled the financial crisis in 2008 and the recession that followed.
US stocks particularly ended mixed on Monday, March 13, in a described “turbulent session” as the Dow and S&P 500 fell, and the Nasdaq rose.to guarantee all depositors of their money sparked interest in oversold bank shares on Tuesday, emboldened as well by hopes that this incident will force US government regulators to be more easy on its plans to raise interest rates. US equities are expected to soon hold up.
This came about amid a late afternoon report from the Bangko Sentral ng Pilipinas and the Bankers Association of the Philippines that “local banks haveIncidentally, trading on Monday had a very big value turnover of P25,526,023,724.68. Half of it was largely from the block sale of International Container Services, Inc. shares.
Amid the mixed trading results arising more possibly from continuing weak sentiments due to variables already present before last Friday’s collapse of SVB, the 20 or so stock picks I recommended in my previous article still stands. They suffered in price declines in various degrees since Monday, but have certainly not lost their prospective potentials. This brings us back to the subject of trading systems.A trading system is defined as a set of rules and principles.
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