March marked a clear shift compared to the beginning of the year, highlighting a market environment that has become significantly more complex and unstable. While in previous months attention had been focused primarily on inflation and monetary policy, in [...]

February developed in continuity with the start of the year, albeit with increased volatility and growing selectivity among investors. The environment remains driven by the trajectory of inflation, the evolution of monetary policies, and the resilience of global growth, [...]

The year 2026 opened with global markets broadly positive, albeit with higher volatility compared to the end of 2025. The overall backdrop remains constructive, with investors still oriented toward risk, but increasingly selective across sectors, regions, and asset classes, [...]

December marked the end of a positive 2025 for global financial markets, but also the emergence of a more cautious attitude on the part of investors. After a year characterized by widespread returns across almost all asset classes, the [...]

November 2025 ended in a context of growing caution across global financial markets, marked by elevated volatility and mixed signals among the major economic regions. Investor attention remained focused on monetary policies, particularly on the upcoming decisions of the [...]

General scenario September confirmed the constructive tone of global financial markets, in a context dominated by optimism for more accommodative monetary policies and good corporate results. US stock indices reached new all-time highs, supported by the Federal Reserve's first [...]

It is with deep gratitude and sincere emotion that we bid farewell to Erico Grassi, who is leaving our company after many years of service. Since 2006, Erico has accompanied Stelinvest SA on an important journey of growth, offering [...]

In August, global markets continued their upward trajectory, albeit in a context marked by contrasting signals. In the United States, equity indices reached new all-time highs, supported by the strength of the technology sector, solid corporate earnings, and expectations [...]

In July, global financial markets extended their upward momentum, supported by solid corporate earnings, accommodative monetary policies, and expectations of new fiscal stimulus. However, behind Wall Street’s record highs and the resilience of global indices, there remain signs of [...]

Macro Outlook: Trade Escalation and Market Impact In May, the Trump administration adopted a notably aggressive stance on tariffs, alternating between new impositions and temporary suspensions. This approach has heightened volatility in financial markets and raised concerns about the [...]