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  • 05/25/2026 Weekly analysis

    One of the most interesting phenomena of the current economic cycle is that a growing part of the global economy is beginning to behave much less sensitively than usual to rising prices, interest rates hikes and geopolitical uncertainty. Traditionally, an energy crisis accompanied by a sharp tightening of financial conditions would have caused a much more intense slowdown in consumption, investment and economic activity. However, that is not happening —or at least not with the usual intensity— at the present time.

  • 05/18/2026 Weekly analysis

    Over the past few weeks, financial markets have been dealing with a rather unusual situation. On the one hand, there was an open war in the Middle East, the Strait of Hormuz was blocked, and oil was clearly trading above $100 a barrel. On the other, stock markets kept hitting record highs, especially in the United States, as if all of that were merely temporary noise with no real ability to alter the macroeconomic outlook.
    However, the April inflation data in the United States provided a pretty serious wake-up call for investors.

  • 05/11/2026 Weekly analysis

    For decades, much of the economic and financial consensus assumed that the world was moving towards a leaner, more digital economy that was less dependent on traditional industrial structures. Globalization, the internet and the dominance of software seemed to point toward a model where value would increasingly reside in data, platforms and intangible assets, while industrial capacity lost relative relevance compared to efficiency, human capital and technological innovation. However, the events of recent years are rapidly dismantling that view.

  • Podcast

    05/06/25 Monthly analysis

    We analyze what drives this strength and why keeping emotions in check remains key when investing.

  • 05/04/2026 Weekly analysis

    If there is one group that will experience the artificial intelligence revolution with particular intensity, it is young people, who are facing a radical shift in the way human capital has been built up over the centuries.

  • 04/27/2026 Weekly analysis

    The divergence we are seeing within global stock markets is as striking as it is revealing. We are not facing a market that rises or falls uniformly, but a market that is beginning to fracture: technology is advancing rapidly, while the rest of the sectors are feeling the impact of the Iran war.

  • 04/20/2026 Weekly analysis

    The adage "stock markets tend to go up by the stairs and down by the elevator" is widely used in the investment industry. It makes sense: The increases are built up gradually, as macroeconomic data supports a favorable cyclical situation and corporate profits materialize. However, when an unexpected and potentially systemic event occurs, risk premiums react violently, and the market does not hesitate to "take the elevator" down.

  • 04/06/2026 Weekly analysis

    Our view on risk assets remains constructive, although necessarily tempered by a highly uncertain environment in the short term. 

  • Podcast

    04/09/26 Monthly analysis

    Lots of noise and many doubts among investors.

  • 03/30/2026 Weekly analysis

    Recent behavior in fixed-income markets has once again brought to the forefront a concern that is very much present in investors’ minds: the possibility of reliving a scenario similar to that of 2022.

  • March 23, 2026 Weekly analysis

    In recent weeks, global equity markets have registered a correction from highs of slightly more than 7%. While it is not a matter to be trivialized, it is not, by any means, exceptional. In fact, if we broaden our focus, these types of drops are part of the normal behavior of the markets. 

  • March 16, 2026 Weekly analysis

    In recent weeks the market has begun to pay more attention to another potential risk area: private credit. Recent headlines and comments from some analysts have drawn attention to this segment of the financial system, fueling some concern among investors that the sector’s rapid growth might conceal vulnerabilities similar to those that preceded past financial crises.

  • Podcast

    03/09/26 Special Analysis

    Last week was dominated by the rapid escalation of the conflict between the United States, Israel, and Iran, and its immediate impact on energy and financial markets. In this podcast, we analyze the key aspects of this crisis and what to expect going forward.

  • Podcast

    March 02, 2026, Special Analysis

    We assess scenarios, energy risks, and potential impacts on growth and inflation, as well as our positioning in risk assets in an environment of high uncertainty.

  • 03/01/2026 Weekly analysis

    In recent days, one of the documents that generated the most impact on the markets was a report from Citrini Research that came with a disturbing hypothesis. 

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Meet our experts in financial market analysis

alvaro manteca

Álvaro Manteca

Analysis and Strategy Director at BBVA Private Banking
Álex Cardin

Áxel Cardin

Markets Director at BBVA Private Banking

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The contents of this section are for information purposes and are not intended to provide any type of investment or ancillary service and, in particular, do not constitute a general recommendation or financial advice of any kind. They are also not an offer or invitation to sell or purchase financial products or services. The opinions, predictions or recommendations these podcasts contain on the economy, investment funds and the markets are applicable on the date of each podcast.

The contents may not be suitable for investors due to their financial situation or investment objectives, and in no case is legal or tax advice being provided. Investors should obtain specialized and specific advice from their own consultants. Some products or services are presented purely as examples, and may not actually be available. These contents are based on information from sources deemed reliable, but BBVA cannot guarantee their accuracy or integrity. The services, products and prices of the contents are subject to change without notice. Past performance is not indicative of future results.

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A financial market is the physical or virtual place where financial assets are exchanged between buyers and sellers. It also determines the price of these assets. Examples of financial markets include: securities markets, capital markets, currency markets, etc. Taken together, the financial markets provide a space in which families and companies can invest their savings.

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