Macro & Insights

Macro & Insights is the necessary complement for identifying actionable situations and companies for the long term, allowing us to conduct equity research on companies with the level of quality we demand of ourselves.

In this section, we will periodically analyse the macroeconomic environment we are in, emphasizing macroeconomic indicators, central bank decisions, the state of the economic cycle, and both local and global geopolitical conflicts.

We will use these macroeconomic analyses to carry out deep dives into specific industries (top-down approach), focusing on explaining their operations and the key metrics for their analysis (Guide to the Industry), as well as understanding their current situation and identifying companies within those industries (if any) that are most suitable for a long strategy or are actionable based on certain divergences for a short strategy.

Similarly, we will analyse the state of financial markets, focusing on specific aspects such as the evolution of 10Y yields, the VIX, American and European stock markets, small caps… In general, everything related to their current situation, expectations, and money flows between assets.