MoraWealth

How to Make Sense of Equities at Record Highs and Oil on the Rise FERNANDO DE FRUTOS, CFA, PhD | MAY 2026 • Equity markets are not ignoring geopolitical risk; they are weighing it against a powerful offset from earnings and AI-led investment. The apparent disconnect between higher oil prices and resilient stocks may reflect … Continued

When Realism Meets Optimism FERNANDO DE FRUTOS, CFA, PhD | JANUARY 2026 • Global growth is firming; the U.S. remains the marginal leader: A broader pickup in investment and productivity supports a constructive global cycle. Within that, continued U.S. outperformance and any narrowing in fiscal and trade gaps at the margin are typically dollar-supportive and … Continued