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.
March 02, 2026
Last week reminded us once again that, in 2026, investing is not a purely economic exercise. It is increasingly becoming a political and geopolitical exercise.
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.
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.
