In the current macroeconomic situation, a lot of uncertainty persists. The circumstances are certainly peculiar, and it is difficult to find similarities with the past. This produces a lot of noise and uncertainty regarding the future direction of financial markets. Analysts are wildly divided on the fact that equity indices should go up or down,…
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During the last years we have witnessed a period of inflation never seen in the last 40 years. With the benefit of hindsight, it might be interesting to reflect on what caused this spike in inflation.
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Our strategic portfolios are thought for long term investors. They are built on the basis of long term relationships between asset classes, and they are not supposed to be tactically rebalanced on the basis of short-term market gyrations.
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During 2022 we have witnessed a huge volatility in bond markets and also the forex market had some important moves. The euro against the dollar touched a low of 0.95 this summer and is now back above 1.08.
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2022 is proving to be the worst year of the last decades for diversified portfolios. In the past, we experienced equity indices losses that were much more severe than the current ones, but we never experienced this kind of correlated moves in which bonds fall together with stocks.
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The meaning of the concept of currency war has been reversed during the last few months. Until a few months ago the world was basically a deflationary one. Even if now the big issue seems to be inflation, deflation is probably even a bigger problem. Deflation means that prices tend to fall overtime. In such…
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As we have seen in a recent post (link to last bond post) the movements of the bond market during the last few months have been even more exceptional than the ones of the stock market, even if the latter often receive more attention from media.
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In the long run, smaller companies (Small Caps) tend to outperform larger companies (Large Caps). So what is the role of the small caps?
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We are extremely saddened to see war once again, this time more closely and on European soil, and hope for an early resolution to Russia’s conflict.
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When it comes to investing our money, we have dozens of options. Some are more popular and well-known than others. Today, we talk about what investment funds are, a reasonably small type of investment in Spain, but which, in recent years, has done nothing but grow.
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