BY FERNANDO DE FRUTOS, CFA, PhD | 08 JANUARY 2025 • Political and Geopolitical Uncertainty: The return of Trump to the Oval Office after a four-year hiatus introduces unique policy uncertainty. While comparisons to his first term are inevitable, the starting conditions in 2025—marked by heightened geopolitical tensions, particularly with China and Russia—are fundamentally different. … Continued

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