MoraWealth

FERNANDO DE FRUTOS, CFA, PhD | 21 FEBRUARY 2025 • Every time the market breaks records, investor psychology takes on a special role: euphoria over the profits achieved gives way to fear of a sudden correction. • The risk premium is a static metric that assumes constant earnings, but high valuations can be justified by … Continued

BY FERNANDO DE FRUTOS, CFA, PhD | 08 JANUARY 2025 • Political and Geopolitical Uncertainty: The return of Trump to the Oval Office after a four-year hiatus introduces unique policy uncertainty. While comparisons to his first term are inevitable, the starting conditions in 2025—marked by heightened geopolitical tensions, particularly with China and Russia—are fundamentally different. … Continued