Araceli de Frutos, director of Araceli de Frutos EAFI Technology is what makes the difference between Wall Street and Europe right now.
In fact, he considers that, this month of June, It looks more like a traditional month of May where markets normally behave in a bearish manner. And the difference is the pernicious effect in France of the European elections.
So that the CAC 40 of Paris, without anything remedied, will go into negative, not only in the month but also in the current year, compared to the increases in the rest of the indicators. An excessive punishment, from his point of view, and he believes that after the July 7 elections, there will be an opportunity for those most punished sectors.
Regarding technology, it stands out that the indices here do not weigh as much as in the United States. Of the 14-15% improvement in the S&P 500, 8% comes from the advances of the magnificent 7. This is the difference between double-digit gains on Wall Street and more moderate gains in the first half of the year for European stock markets.
Thus, it highlights that technology remains, with long-term investment, the most important, with the theme of AI with multiple developments and implications in other economic sectors, a bet for companies that have a competitive advantage in it, very careful that they do not lose it.
With regard to oilsays Aradeli de Frutos that its level of 85 dollars for the price of crude oil with a balance between supply and demand that controls the price.
He believes that there is a certain slowdown in the pace of crude oil growth, which may continue, because the increases are not high enough to influence inflationalthough in the most oil-dependent countries it will be.
And estimates that Fed’s push may come in September or December with that expected drop in rates and minimizing those inflationary risks, with a CPI that will not reach 2% but will be below 3%.
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