China deepens its economic deceleration
China’s economy grew 6.3% annually during the second quarter of this year, which was below expectations of 7.3%. On a quarterly comparison, growth was 0.8%, which also represented a weaker reading than the 2.2% advance recorded in the first quarter. After disappointing economic data for April and May, June’s figures showed a moderate improvement, especially […]
Inflation decelerates more than expected in June
The consumer price index accelerated 0.2% monthly in June (vs. 0.3% expected). As a result, annual inflation was 3% (vs. 3.1% expected and 4% in May), its lowest level since March 2021. Core CPI inflation, which excludes food and energy, rose 0.2% in the month and was better than expected. It is worth mentioning that […]
Rebellion in Russia What’s next?
Following the social events that arose in Russia with the emergence of the private military entity known as the Wagner Group, here is a summary in FAQ format sharing the impressions expressed by former Secretary of State during the George W. Bush administration and Russia expert Condolezza Rice, during an event with JP Morgan, on […]
Perspectives for 2Q23 Corporate Reports
The corporate reporting season will begin in the coming weeks. In this sense, the consensus foresees that S&P 500 companies’ earnings would have experienced an annual contraction of 6.5% during 2Q23 (vs. an expected contraction of 4.7% at the beginning of 2Q23). This estimate contrasts negatively with the 10-year average earnings growth rate of 8.5% […]
How could AI transform the healthcare industry?
Following up on our comments about the possible benefit that the Artificial Intelligence (AI) application would bring to the investment analysis process, now we will share some perspectives about how innovation represents a powerful force for driving change in healthcare, and AI is well positioned to revolutionize the sector. Healthcare systems contain large amount of […]
FED: “Momentary pause as more increases are expected in the future.”
After inflation decelerated to an annual rate of 4% during May (the lowest since March 2021) and in line with expectations, the FED kept the reference rate range unchanged at 5 – 5.25%. With this, it put a halt to the cycle of eleven consecutive increases. The decision was unanimous. Inside the statement, the Federal […]
Understanding the P/E Ratio
Within fundamental analysis, there are two key factors that influence the yield of a share: the earnings generated by the company and how investors value those earnings. In this context, one way to determine the value of a share is through a financial ratio known as the Price/Earnings multiple (P/E ratio). In this tutorial, we […]
Debt Ceiling Update
Following up on the agreement reached between President Joe Biden and House Speaker Kevin McCarthy on the debt ceiling, here is an update with the relevant points: The home stretch of this process will be subject to the speed with which it can be approved by the legislators, before Monday, June 5th (considered as “x” […]
Is the dollar’s dominance in doubt?
Throughout this year, the US dollar’s dominant position as the largest global reserve currency has been questioned. This is not the first time this questioning has arisen, having as precedents: the birth of the euro in 1999, the great financial crisis in 2008 and the cryptocurrency boom. That said, the perspective that China’s yuan could […]
Artificial Intelligence (AI) as a tool to improve investment analysis processes
AI has really taken off and it has become a very popular theme, especially since ChatGPT was launched last year. Before delving into some of the applications that this tool could provide to investment firms, it is relevant to put into context what is ChatGPT? ChatGPT is a language model that has been trained with […]
