We share with you our last collaboration with the newspaper Expansión.

Markets are cyclothymic by nature and the current situation has proved it again. We have gone from comparing the Covid-19 crisis with the great depression of 29 or World War I/II,to now during the de-escalation we think that everything has passed without leaving scars on economies and companies.
As virtue always is at the middle, neither the Covid-19 crisis will create a structural crisis (with all the stimulus measures of central banks and government spending policies) nor will we return to normal overnight (we just need to see the situation in Asia that takes months ahead).