Podcast

02/16/2026 Weekly analysis

For more than a decade, and especially since the pandemic, passive management has dominated the investment landscape, supported by a very specific reality: low dispersion, abundant liquidity, and a market absolutely dominated by momentum.

02/09/2026 Weekly analysis

For years, investing seemed like a comfortable exercise. It was enough to identify the dominant narrative, jump on board, and let the market do the rest. Technology, artificial intelligence, precious metals, Bitcoin… each one, in its time, was presented as a simple answer to a complex world. Today, that comfort has been shattered.

Podcast

12/04/25 Monthly analysis

Has AI reached its peak? 

We analyze the pause that large technology companies are experiencing after a year of exceptional increases, driven by the rise of artificial intelligence.

02/02/2026 Weekly analysis

Last Friday's session saw an abrupt and widespread sell-off in the commodities market. The movement was visible throughout the industrial metals complex, but it proved especially virulent in the precious metals sector.

01/26/2026 Weekly analysis

One of the most relevant developments that will leave its mark on 2026 will be the growing tension between the acceleration of technology and its effects on employment, income and social cohesion. This is not entirely new, but it is now entering a qualitatively distinct phase, both because of the speed of the change and its universal scope.

01/19/2026 Weekly analysis

It is worth analyzing the new measures announced by the Trump Administration to penalize several European countries that have deployed troops in Greenland.

12/01/2026 Weekly analysis

There is a phrase attributed to Lenin that comes back to haunt us in times like these: There are decades when nothing happens, and weeks when decades happen. The start of 2026 fits that definition with disturbing precision.

12/29/25 Weekly Analysis

2025 was marked by profound political and economic readjustments, a high dispersion in the markets and a remarkable capacity for adaptation in the global economy. We'll tell you all about it in this podcast.

12/22/25 Weekly Analysis

The close of 2025 presents a reasonably constructive macroeconomic and market picture, although not without important nuances that are worth noting.

15/12/25 Weekly Analysis

Today we are going to pause for a moment on a topic that transcends the immediacy of the markets, but which will undoubtedly condition the economic, social and political tone of the coming decades: artificial intelligence. And we will do so with a question that captures, perhaps better than any other, the central debate about the real impact of this technology: is AI leading us towards an era of abundance or a dystopian future?

12/09/25 Weekly Analysis

Looking ahead to 2026, we maintain a constructive and generally steady outlook. The economic cycle continues to move forward with notable resilience, and we do not anticipate any substantial changes in global GDP growth, which will benefit from a more expansionary fiscal environment across the world’s major economies.

Podcast

12/04/25 Monthly analysis

Has AI reached its peak? 

We analyze the pause that large technology companies are experiencing after a year of exceptional increases, driven by the rise of artificial intelligence.

12/01/25 Weekly analysis

The past week has been particularly revealing. Not only because the risk indicators have shifted sharply towards clearly favorable territory, but also because what we pointed out a week ago has been confirmed by events: the previous correction was not the beginning of a change in trend, but a necessary purge to eliminate accumulated speculative excesses surrounding artificial intelligence.