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The quarterly reporting season of 4Q22 is about to begin, being a factor that could influence the mood of the markets in the concise term. In this sense, analysts estimate that the S&P 500 companies would have experienced a 4.1% year-on-year contraction in their profits. If this figure is confirmed, it will mark the first […]

Within fundamental analysis, there are two key factors that influence the yield of a share: the earnings generated by the company and how investors value those earnings. In this context, one way to determine the value of a share is through a financial ratio known as the Price/Earnings multiple (P/E ratio). In this tutorial, we […]

Following up on the agreement reached between President Joe Biden and House Speaker Kevin McCarthy on the debt ceiling, here is an update with the relevant points:  Over the weekend an agreement on the “Fiscal Responsibility Act”, which suspends the debt limit until next January 1st, 2025, was announced.  The main source of budget savings […]

AI has really taken off and it has become a very popular theme, especially since ChatGPT was launched last year. Before delving into some of the applications that this tool could provide to investment firms, it is relevant to put into context what is ChatGPT?  ChatGPT is a language model that has been trained with […]

Throughout this year, the US dollar’s dominant position as the largest global reserve currency has been questioned. This is not the first time this questioning has arisen, having as precedents: the birth of the euro in 1999, the great financial crisis in 2008 and the cryptocurrency boom. That said, the perspective that China’s yuan could […]

The consumer price index accelerated 0.4% monthly in April from 0.1% in March. This figure was in line with what the consensus was expecting, and at the same time allowed a slight reduction in inflation in annual terms, reaching a rate of 4.9% (vs. 5.0% in March and 5.0% expected). For its part, the index […]

In line with what was expected by the market and unanimously, the FED increased the reference rate by 25bp to 5 – 5.25%. This movement represented the tenth increase since March 2022 and implied its highest level since September 2007.  Within the statement, it stood out that the Federal Open Market Committee (FOMC) reiterated that […]

Over the last few months, several macroeconomic and financial events have impacted the various sectors of the economy, and the real estate market has not been immune to these movements. With that arose the debate about how much risk there is in investments focused on real assets, whether through equity or debt. Additionally, the Silicon […]

Headline inflation slowed in March after registering a monthly increase of 0.1% in the consumer price index (CPI), with a rise of 0.4% observed in February and contrasting positively with the consensus expectation of 0.2%. In this context, annual inflation reached a rate of 5.0% (vs. 6.0% in February and 5.1% estimated). Overall, “shelter” costs […]

The corporate reporting season is about to begin. In this context, the consensus considers that the companies of the S&P 500 would have recorded a contraction of 5% per year in their profits in 1Q23 (excluding the energy sector, the contraction of profit would be 6.6% YoY). This would represent the most significant drop in […]

In the past two weeks, markets have experienced not seen volatility since the pandemic with the Silicon Valley Bank default, which subsequently led to the decline and purchase of Credit Suisse by UBS AG.  During the weekend of March 18, UBS AG agreed to buy Credit Suisse for $3.2 billion (less than $0.8 per share) […]

The statement stressed that recent indicators point to moderate growth in spending and production. Job creation in recent months has been notable, allowing the unemployment rate to remain low, although inflation remains high. On the other hand, he stressed that the US banking system is solid and resilient. Consequently, recent events will probably result in […]