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.

11/24/25 Weekly analysis

Financial markets are going through a mixed spell. Recent weeks have brought bouts of marked volatility, with sharp swings that should not be read as the start of a bearish trend but rather as a clearing-out of excesses after months of gains concentrated in a handful of market segments.

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11/17/25 Weekly analysis

This week in the global stock market has been marked by alternating periods of euphoria and caution.

Podcast

11/10/25 Weekly Analysis

Global equities have experienced a week of corrections after months of almost uninterrupted gains. This is not a change in trend, but a natural pause in a market that, after a cycle of substantial gains, is beginning to show signs of exhaustion.

Podcast

10/02/25 Monthly analysis

The push for AI is consolidating megatrends in the fields of healthcare, energy, infrastructure and robotics. Our experts tell you all about it

Podcast

03/11/25 Weekly Analysis

The market's momentum remains unequivocally bullish. After several weeks in which economic data, central bank decisions, and the earnings season have painted a more predictable picture, investor sentiment remains optimistic. The “Goldilocks” narrative — that near-ideal balance between moderate growth, contained inflation, and predictable monetary policy — continues to be the guiding thread for global markets.

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10/27/25 Weekly Analysis

Markets ended the week on a constructive note, supported by a narrative that is starting to take shape: the soft-landing scenario is no longer just an expectation, but a reality increasingly confirmed by each new macroeconomic indicator.

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10/20/25 Weekly analysis

Recent weeks have brought some tension back to global financial markets. The combination of specific episodes in the US regional banking sector and the trade conflict between the United States and China have rekindled volatility. However, our interpretation is still that this environment reflects more noise than systemic risk

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10/13/25 Weekly Analysis

Beijing announced new export controls on essential elements for manufacturing semiconductors, batteries, wind turbines, and defense equipment, positioning China as a significant player with considerable influence over global industrial supply chains.