Now we have had a real correction.

Don't be too eager to buy. It is sometimes better to pay a little more, but with confirmation of a reversal to recovery, than to think you are buying a fund and discovering new funds.

A few months (or weeks, time flies) I wrote about the illusion of those who think that it will be the madness of other times, when we had negative real interest rates in the economy, which means that it was profitable to borrow money to leverage.

The world has changed, real rates are high, spreads have narrowed, and expenses in the financial sector, at this moment, have increased a lot to incorporate AI into IT.

I will still write about this last paragraph. Did you know that, in banks' financial statements, IT costs correspond to 18% to 30% of total expenses? With AI, they are initially having to increase investments to later reap the reduction in IT expenses.

In 2026, banks expect a 15% increase in non-financial results, just because of AI. This will greatly increase stock multiples. Here's a tip.