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By Alberto MATELLÁN, chief economist at MAPFRE Inversión, part of MAPFRE
Corporate earnings have surprised many analysts and investors in recent days, who were expecting worse figures, and everything points to this trend continuing in the coming months. However, there is significant divergence between the numbers being presented and the much weaker macroeconomic scenario.
"These positive results don’t line up with the macro picture. They’re good, but we have to look down the line at what’s going to happen in the future and not focus just on net income. Specifically, we need to moderate expectations for the tech sector and diversify a little: these companies have already risen a lot, and although they’ll continue to contribute in the long-term...
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