1. Weekly Analysis: It is too early to reduce equity exposure.
2. Chart of the Week: Most of the equity adjustment so far this year is multiple compression.
3. Opportunity of the Week: Overweighting the software sub-sector.
4. Investment flows: Less favorable trends.
5. Economic Calendar: Focus on U.S. inflation data.
6. Base Rates and ExpectationsA faster and more aggressive pace of tightening. Long rates are trading near key resistance levels.
7. International Fixed Income: Spread at healthy levels. IG US opportunities.
8. International Equities: Privilege Value Investments.
9. Dollar: Higher rate differentials in favor of the U.S. support dollar uptrend.
10. Commodities: Transient adjustments. Fundamentals remain solid.
11. Local Fixed IncomeWe see greater opportunities with a defensive strategy in terms of duration and credit risk and over-weighted in UF.
12. Local EquitiesWe see an attractive entry point after recent adjustments.
13. Exchange RateImpacted by the dismantling of carry trade operations. Attractive levels for short positions.
14. Investment Strategies and Opportunities 

For more details see the following report.

Humberto Mora

Assistant Investment Manager Finance and Business Finance and Business Brokerage Firm