Philstocks Financial Inc. senior analyst Japhet Tantiangco said the market’s three straight weeks of decline could lure bargain hunters back to the market.
Tantiangco said, however, a market rally could be challenging because of the tempered confidence towards the economy following the recent GDP data release. “With our second-quarter real GDP coming in below expectations, cracks in the confidence towards the economy could already be present which in turn would make building of market momentum harder,” he said.
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