DailyMarkets.com - Philippines Cuts SDA Rate By 50 Bps But Holds Policy Rate

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• Philippines Cuts SDA Rate By 50 Bps But Holds Policy Rate
• Sector Rotation Timing
• Commodity Weakness Is Likely Localized

Philippines Cuts SDA Rate By 50 Bps But Holds Policy Rate Posted: 25 Apr 2013 03:02 AM PDT     The Philippine central bank kept its main policy rates steady but again cut the interest rate on its Special Deposit Account (SDA) facility by 50 basis points to 2.0 percent for all maturities, moves that were expected, and said it would “deploy macroprudential measures as needed to pre-emptively address any potential misalignment in asset prices.”     The Central Bank of the Philippines (BSP) said its decision to maintain the benchmark overnight borrowing rate at … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sector Rotation Timing Posted: 24 Apr 2013 08:06 PM PDT Sector rotation from defensive stocks (XLV,XLU,XLP) to production stocks (XLK,XLI,XLY) is a breeze when you have the correct tools to guide you. Funds moving to defensive sectors also reflect changes in the economy, and of course in a world of near ZERO interest rates the need to chase yield is a powerful force. Cycles are a excellent timing tools for managing sector rotation. Below is the cycle between defensive and product type sectors. Knowing the defensive sectors where near a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodity Weakness Is Likely Localized Posted: 23 Apr 2013 12:47 AM PDT The old Cam would have been freaking out. The first version of my Inflation-Deflation Trend Allocation Model depended solely on commodity prices as the canaries in the coalmine of global growth and inflationary expectations. The chart below of the equal-weighte Continuous Commodity Index is in a well-defined downtrend. The weakness isn’t just restricted to gold, but other commodities like oil and copper are all falling. However, we found with further research that adding global stock prices … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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