Manuel Pinto, market analyst, highlights that there are two sectors in Europe that continue to like it.
On the one hand, Talk about the defense sector, Although its main companies are placed as the leaders so far this year in all markets. And it emphasizes that customers still ask to invest in this field for numerous factors.
Among them stands out that anti -mile shield of 175,000 million European that will publish strong income to these companies, and even among summer meetings, which will proliferate, NATO and the constant demands to raise the percentage of contributions from countries to the Atlantic Alliance (there is already talk of 5%).
Of all of them stands out one of those who perhaps has been left behind and sees it with more tour, the British BAE Systems.
On the other, the sector of the utilities, Although he considers that these have a lower route and with their eyes on the bonds, due to a potential affectation and translation to Europe. And also for other defensive ones such as Cellnex.
Regarding Bitcoin, he emphasizes that he has reached historical maximums in dollars, but not in euros, due to the structural defolarization that is being produced in the market. But it is worth more than a kilo of gold. But it is still positive in both assets. In addition, it emphasizes that there are many risks in the market despite strong increases, especially in Europe. Risks in the transfer of the ‘Soft Data’ Al ‘Hard Data’.
Considers that The first week of June will be fundamental in this fieldwith the American employment data and how tariff problems are reflected in the figures, as the limits of the PUSA in the implementation of commercial taxes in the market are closer.
An example is that tariffs are still at their highest level since 1941, and that they are a Fall in the economic growth of families that reach $ 3,000 year In the US, with a rate close to 13-14%.
Therefore, he points out that we will have to be very cautious, while continuing to bet on The so -called ‘portfolio 33’ in which the investment can be diversified with 33% of the porpholio invested in the MSCI World, 33% gold and 33% of Bitcoin, in an investment that now presents less volatility and more profitability.