08/10/2026 Weekly analysis
In the markets we tend to assume that success involves identifying the next big trend before anyone else. However, the recent history of a well-known fund specializing in AI reminds us that, when it comes to investing, being right may not be enough.
08/04/2026 Weekly analysis
In recent weeks, we have seen a number of developments that illustrate the extent to which artificial intelligence is entering a new phase. The most recent example is Nvidia, which has once again taken center stage with a new set of agreements aimed at accelerating the development of the sector.
07/27/2026 Weekly analysis
The next few days could make for one of the most important weeks of the summer for the markets. After several weeks marked by geopolitical uncertainty and doubts about the profitability of investments in AI, investors now have an opportunity to check if the main pillars that have supported the stock markets this year remain intact.
07/20/2026 Weekly analysis
The second quarter results season kicks off in Europe with expectations that we haven't seen for years. After a long period in which profit growth lagged far behind that recorded in the United States, European companies are facing this campaign with the possibility of achieving the biggest change in their earnings since the beginning of 2023.
07/13/2026 Weekly analysis
The composition of wealth in the United States has undergone an unprecedented structural transformation. For the first time since statistical records began, 34% of total US household wealth is invested in equities. This milestone not only represents a historic high, but also confirms the formal dethroning of the property sector as the main vehicle for household savings, with its relative share of national wealth declining to 26%.
07/06/2026 Weekly analysis
This week, the United States celebrated the 250th anniversary of its independence. Beyond the historical symbolism, the anniversary gives us a magnificent excuse to do an exercise that investors perform far too infrequently: to stop looking at the last week, the latest inflation data or the next Federal Reserve meeting and to broaden the time horizon.
Podcast
07/02/26 Monthly analysis
Investors have started to rotate out of certain technology stocks, and the market is beginning to demand results where before expectations were enough.
06/29/2026 Weekly analysis
The big question surrounding artificial intelligence is not only which jobs will disappear, which companies will win, or how much productivity will increase. The truly important question is who will capture that productivity. Because a technological revolution doesn't just transform the way we produce; It also transforms the way in which the wealth generated by that production is distributed.
06/22/2026 Weekly analysis
Over the past few years, markets have become accustomed to an extraordinarily predictable Federal Reserve. Monetary policy decisions could be anticipated months in advance thanks to increasingly detailed communication and explicit guidance on the future direction of interest rates. Kevin Warsh's first meeting as head of the institution suggests that this era may be coming to an end.
06/15/2026 Weekly analysis
SpaceX's IPO wasn't just the biggest IPO in history. It's probably been the most significant event for capital markets since the beginning of the massive investment cycle in artificial intelligence.
06/08/2026 Weekly analysis
Markets are entering the new week following a correction that has helped ease some of the elevated complacency that had built up over recent months. The main development in recent days has been the significant sector rotation within global equities, with capital flowing out of segments most directly linked to artificial intelligence and into more traditional and defensive sectors.
Podcast
05/06/25 Monthly analysis
We analyze what drives this strength and why keeping emotions in check remains key when investing.
