Fynsa
Our Softlanding baseline scenario is based on a moderation of inflation and greater resilience of activity.
At the last FOMC (Federal Open Market Committee) meeting, they changed the forward guidance of their statement, hinting that there is a good chance that this will be the last rate hike of this cycle.
Market concentration in a few Growth/Technology stocks has already reached extreme levels.
Our view for the second quarter of 2023 is more cautious due to recent stresses in the banking sector, which imply tighter credit standards and a higher risk of recession.
Core inflation is leaning in a more comfortable direction, so it would be reasonable to conclude that the Fed could adopt a wait-and-see approach at its next meeting, effectively ending the tightening cycle.
The level of uncertainty caused by the banking crisis is leading us to adopt a more defensive stance in terms of asset allocation.
The divergence between equities and interest rates cannot continue much longer, and it should reverse.
Chile, with access to 174 countries, ranks 16th and is at the top of the most powerful Latin American passports.
The Desolenator system uses solar panels that capture both electrical and thermal energy from the sun.
