Return to Normalcy

BY FERNANDO DE FRUTOS, CFA, PhD  |  08 JANUARY 2024   After years of macroeconomic swings, the pandemic’s wild ride is coming to an end. Output, employment, inflation, and soon, interest rates, are all gradually returning to their normal ranges. A welcome development for investors. Stocks and bonds face diverging paths as the era of … Continued

Post-Pandemic Consumer Disorder

Post-Pandemic Consumer Disorder BY FERNANDO DE FRUTOS, CFA, PhD  |  17 JULY 2022   This article has been published in the FUNDS SOCIETY Magazine (18 Jul 2023)     The most anticipated recession in recent history always seems to be 6 months away. High interest rates are cooling down the economy. Yet, consumers are ignoring … Continued