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: On overweighting the software subsector.
4. Investment Flows: Less favorable trends.
5. Economic Calendar: Focus on US inflation data.
6. Base Rates and Expectations: A faster and more aggressive pace of adjustment. Long rates are trading close to key resistance levels.
7. International Fixed Income: Spreads at healthy levels. IG US opportunities.
8. International Equities: Favor value investments.
9. Dollar: Wider interest rate differentials in favor of the US support the dollar's upward trend.
10. Commodities: Transitional adjustments. Fundamentals remain solid.
11. Local Fixed Income: We see greater opportunities with a defensive strategy in terms of duration and credit risk and overweighted in UF.
12. Local Equities: We see an attractive entry point after recent adjustments.
13. Exchange Rate: Impacted by unwinding of carry trade operations. Attractive levels for short positions.
14. Investment Strategies and Opportunities 

For further details, please refer to the following report.

Humberto Mora

Gerente de Inversiones Finanzas y Negocios Corredora de Bolsa