Air Pockets

BY FERNANDO DE FRUTOS, CFA, PhD | 05 AUGUST 2024 • Markets have experienced violent gyrations over the past sessions. Equity markets have suffered steep corrections, and interest rates have fallen sharply. The VIX index, a gauge of market volatility, has spiked, indicating heightened investor anxiety. • Although the correction has been severe, it was … Continued

Fasten your seatbelts

BY FERNANDO DE FRUTOS, CFA, PhD  |  17 JANUARY 2023   The last three years have been completely abnormal. Today’s inflation is a byproduct of the pandemic, just as high interest rates are. The disappointing returns last year, like the exceptional two years prior, must also be seen in the same context. Sooner or later … Continued