Andres S. Trujillo Renzi, CAIA, CMT

Economista. Sigo los mercados y los estudio de distintos ángulos: Fundamental, cuantitativo y técnico.

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Después de 13 años en Bendio AG, cierro una etapa muy importante en mi vida.

Llegué como analista y me voy con enorme gratitud por todo lo aprendido, construido y compartido.

Gracias por la confianza @miriam_mazola.

Miro hacia adelante con ilusión.

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Me recuerda al rally del Covid.

[Mark Minervini @markminervini]

Stocks are pushing to all-time highs while sentiment is getting more bearish—bulls down, bears up. That’s a sign of disbelief. Investors are fighting the rally, which is a classic Lockout Rally condition. https://t.co/7NiHKuPACd

[Rihard Jarc @RihardJarc]

I have been following every $AMZN 's earnings calls closely for over a decade, and I have never seen $AMZN management this excited and bullish on their business as they were on yesterday's call.

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

La frase más poderosa de PTJ:

“You retire, you die.”

En mercados —y en la vida— el secreto es seguir aprendiendo, seguir ejecutando y nunca dejar de tener propósito.

Legendary Trader Paul Tudor Jones on AI Risk, Bubbles and Buffett https://t.co/EkffwHHqCk via @YouTube

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Usar AI para afinar el cerebro en vez de apagarlo.

The Smart Way to Use AI Without Losing Your Brain https://t.co/ScnaHSJ5Lc via @YouTube

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Momentum es un factor probado académicamente como Value, size, quality. Incluso tiene el mejor perfil riesgo retorno. No me extraña esta brecha tan grande.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

Two portfolios. Same market. 20 years.

Portfolio A: stocks near their 52-week high.
Portfolio B: stocks near their 52-week low.

Portfolio A: 10% annualized.
Portfolio B: 1.9% annualized.

The "buy cheap" instinct is one of investing's most expensive mistakes.

Strength attracts strength.
Weakness compounds weakness.

The best stocks don't go on sale.
They go on runs.

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

"En un mundo en el que todos se enfocan en el corto plazo, existen oportunidades masivas para el largo plazo"

[Big Brain Business @BigBrainBizness]

Bill Ackman, CEO of Pershing Square, on why discomfort is the clearest signal of opportunity in the market:

"The best time to invest is when it feels really uncomfortable to be investing money."

Asked which economic indicators he watches most closely, Ackman's answer reveals why most investors get it wrong.

His edge comes from listening directly to the businesses themselves, not government data:

"We learn a lot by just following companies. You can learn more real-time data how the country is doing and how businesses are doing by reading a conference call transcript or sitting on an earnings call. And hear the commentary from the CEOs, listen to their conviction or lack thereof."

Government data, in his view, is too slow and too noisy to drive real decisions:

"The government data always gets revised… 90 days later there's a pop in inflation because of a war or gas prices being up."

Then @BillAckman makes the point that changes how you should read every scary headline and earnings miss:

"What matters for when you're valuing a business, it's about the present value of the next 50 years. It's not about what's happening in the next few weeks or a few months."

His closing advice to retail investors gets to the heart of where opportunity actually lives:

"My best advice to a Robinhood investor is to think that in a world where everyone's focused on the short-term, there's some really interesting opportunities for someone who's willing to take a longer-term view."

[Peter Mallouk @PeterMallouk]

“If you’ve got a 150 IQ and you’re in my business, go sell 20 or 30 points to somebody else because you really don’t need it. You need emotional stability. You need to be able to detach yourself from fear or greed when that prevails in the market.” – Warren Buffett

[J.C. Parets @JC_ParetsX]

People out there talking about how Technology stocks are crashing the market. Meanwhile, Tech stocks just hit new all-time highs yesterday, on an equally-weighted basis 👀

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Suena sexy cuando un manager dice que hace Stock picking pero es una tarea verdaderamente complicada

[Peter Mallouk @PeterMallouk]

Actively trading stocks to try to beat the market is a loser's game.

[Bill Ackman @BillAckman]

Some of the highest quality businesses in the world are trading at extremely cheap prices. Ignore the MSM. One of the most one-sided wars in history that will end well for the U.S. and the world. And we have the potential for a large peace dividend.

One of the best times in a long time to buy quality.

Ignore the bears.

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Me encantan estas curiosidades estadísticas pero no hay suficiente muestra para concluir algo significativo.

Evitar seguir este tipo de narrativas.

[Investment Wisdom @InvestingCanons]

Howard Marks:

“If you want to be an exceptional investor, you have to dare to be different…you have to dare to be wrong…and you have to dare to look wrong.”

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Increíble. Cómo no ser optimistas con la humanidad y los mercados.

[Shay Boloor @StockSavvyShay]

$CRM CEO Marc Benioff just shared a video of the Figure 03 robot handling packages on a production line.

Another reminder that the AI story is moving beyond software and into physical labor.

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

En este sell off de los mercados y metales en los últimos días, el #Bitcoin se ha comportado bastante estable. Se parece mucho al cambio de caracter que vimos el año pasado durante las "Tarifas de Trump" en abril.

Veamos como sigue.

[Peter Schiff @PeterSchiff]

If you were bullish on gold before the war, you should be more bullish now. The war means soaring U.S. budget deficits, skyrocketing food & energy prices, recession, rising unemployment, collapsing stock, bond, & real estate prices, increased terrorism, and a financial crisis.

[Barchart @Barchart]

Warren Buffett: “I would still be buying stocks even if World War III broke out.”

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

Oportunidad de reversión a la media. Largo #GLD

[Bespoke @bespokeinvest]

March isn't over yet, but gold is on pace for its worst month since 2013. $GLD

[Andres S. Trujillo Renzi, CAIA, CMT @andresstrujillo]

#GLD es parte de nuestro bloque defensivo junto con tesoros de corto plazo.

[Oguz Erkan @oguzerkan]

Ray Dalio: “Investors should have 5-15% of their portfolio in gold.”

This is why you need gold in the portfolio.

Money supply is increasing fast while foreign central banks are increasingly unwilling to hold US debt.

$JPM end-of-year price target for gold is $6,300.

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Geopolitical crises have historically been buying opportunities for the S&P 500 (filtered for US specific)