Podcast

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.

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.

03/09/2026 Weekly 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. The most visible move was the sharp rebound in oil, which initially exceeded $90 per barrel and approached $120 at the start of the week, after recording one of the largest weekly gains in recent decades. This move reflects the risk of supply disruption in one of the most critical regions for the global energy trade.