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The IPOs of SpaceX, OpenAI and Anthropic threaten to drive Wall Street to bubble-like levels

Gema Escribano — Thu, 28 May 2026 11:51:24 +0000

Stock markets continue to perform strongly despite the mounting risks. Neither the war in the Middle East, nor the resurgence of inflationary pressures, nor fears of an economic slowdown have managed to slow down the equity market. However, beneath this apparent strength there lies an increasingly evident fragility: the growing concentration of the market. The bulk of the gains rests on an increasingly limited number of stocks, and the trend is particularly evident in the U.S. According to Goldman Sachs, 85% of the S&P 500’s gains so far in 2026 (10%) come from technology. Excluding the sector, the advance drops to 3%.

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The five red flags that show the worst may not be over in the markets

Gema Escribano — Wed, 09 Apr 2025 12:21:35 +0000

With just hours to go before the entry into force of the so-called reciprocal tariffs, investors parked their sell-offs on Tuesday and attempted a rebound. Analysts insist on caution (technical bounces are common in bear markets) and warn that the worst may not yet be over. A full-scale tariff war, with risks to inflation and growth, is seen as a worst-case scenario for economies and stock markets. But beyond macro figures or negotiations, markets are showing signs of stress. These are the points to watch for in the coming weeks.

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Global markets panic over Trump’s trade war

Gema Escribano — Fri, 04 Apr 2025 19:11:57 +0000

It was a historic session in the international trading floors. With the stock markets still trying to assimilate the violent protectionist shift by the U.S., the retaliatory measures announced by China have fueled the possibility of a trade war on a global scale that could lead to a recession. Thus, although the new tariffs have not yet come into force and tough negotiations are expected, investors have already pressed the panic button as a precautionary measure.

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Will Nvidia be the first company to reach $4 trillion market cap? Analysts raise the stakes

Gema Escribano — Tue, 19 Nov 2024 12:16:10 +0000

With the U.S. elections and the Federal Reserve meeting behind us, investors have November 20 circled on their calendars. On Wednesday, at the market close, Nvidia will release its third-quarter earnings, its first report as a member of the Dow Jones. While waiting for the company to disclose its figures to investors, analysts have made their predictions. Citi, Morgan Stanley and HSBC have upgraded their valuations. Following the latest price target updates, all three banks put Nvidia’s market capitalization at over $4 trillion, a milestone that no publicly traded company has managed to date.

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Fragile interest rate balance at risk as US market cools

Gema Escribano — Tue, 06 Aug 2024 13:52:51 +0000

The strength that the market had been showing throughout 2024 was based on confidence: central banks would be able to stabilize inflation without pushing the economy into recession. This idea was blown out of the water last week, and without this confidence, the market was suddenly exposed and saw the greatest turbulence since the collapse of Credit Suisse. All it took was the flutter of a butterfly (in this case, a slightly worse-than-expected U.S. employment figure) for the delicate balance that the currency and interest rate markets have been navigating to show its first cracks.

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Investors look to the Fed for clues about rate cuts

Gema Escribano — Wed, 31 Jul 2024 13:46:11 +0000

Many investors are packing their bags for their summer break in the hope that no unforeseen events will interrupt their long-awaited rest. But before they close up shop, the meetings of the Federal Reserve, the Bank of Japan and the Bank of England will be closely scrutinized. Monetary policy decisions have become, along with artificial intelligence, the great drivers of the market.

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S&P 500 tests growth of tech giants and heads for its best earnings season in two years

Laura Salces Acebes, Gema Escribano — Tue, 09 Jul 2024 08:22:01 +0000

With the S&P 500 index up 17% so far this year, reaching peak after peak thanks to the double push of the big technology companies and the furor unleashed around artificial intelligence, the earnings report season that begins this week in the United States will be the thermometer used by investors and analysts to check on the evolution of companies. Corporate accounts will serve as a possible catalyst for the second half of the year for a market that has seen how the Federal Reserve is in no hurry to activate interest rate cuts and instead continues to scrutinize growth, inflation and labor market data.

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