Macroeconomics

Oil Trading in Imaginary Numbers

Oil prices plummeted yesterday, with the future of the WTI for the first time in history trading in negative territory Despite the vertigo produced by seeing negative prices, these can be explained by a combination of both fundamental and technical factors. Furthermore, it is reassuring to see that both Brent crude prices and long-term future … Continued

Taxonomy of a crisis

  We are in the midst of a crisis that cannot be easily compared to any other experienced before. This generates great uncertainty, which is reflected in unprecedented market volatility. However, from an investment perspective, this is “business as usual”, given that in every major crisis we find ourselves facing uncharted territory. Each crisis has … Continued