About Us

First encounter with hyperinflation: Between the ages of 13 and 16. I include this in my resume because, trust me, it’s not the same to sit in a university talking about “inflation expectations” as it is to live in a country that experienced, read carefully, 5000% annual inflation. Despite my age, this experience marked me for life.

In 1995, my university journey began. I wanted to know what the heck had happened. I decided to embark on the study of two university degrees: Economics and Business Administration. I wanted to understand both micro and macroeconomic complexities. By mid-2000, I had earned my degree in Economics, followed by my Business Administration degree a few months later. To complete my theoretical foundation, I pursued a postgraduate degree in Finance.

The funny thing is that while I was studying, my country went through the Tequila, Asian, Russian, and Brazilian crises. For a developing country like mine, this was a real drama. A severe recession hit us in ’99, and by the end of 2001, the bomb exploded. Unemployment at a staggering 27%, and over 50% of the population in poverty, generated a political, economic, and social crisis like nothing seen before. Forty-two deaths, looting, and five presidents in a week give you an idea of the level of chaos. I learned about real economics, the kind that’s in the streets and felt every day.

My first job was at a multinational American petrochemical company. I worked long hours making photocopies. On good days, I could analyze the balance sheets of local suppliers. The pay was enough to get by if you lived with your parents and didn’t like beer.

My second job marked a significant turning point in my life. I worked for a small local fund that did investment banking for high-risk investors in Argentina. This fund operated in the Forex market, doing guerrilla and day trading with leverage ranging from 10 to even 100 times, depending on the client. Phew! An electric chair would be an understatement. I delved deeply into technical analysis in all its forms, nuances, and variations, and when I say all, I mean it. The salary was modest, but the adrenaline was through the roof. I was completely absorbed by the experience. This intensity lasted for almost 15 years, during which the type and style of trading we did evolved over time.

Just before going completely insane, I changed course and started working for an international bank based in Argentina. I valued local assets and projects. Boring as heck. Turns out there weren’t that many local assets or projects, so we delved into every report published about the American economy. Information that was later used worldwide. I learned a lot of macroeconomics from a developed country. Differentiating between Leading, Coincident, and Lagging indicators taught me that for macro trading, you need time horizons of at least 3 months, and I might be understating it. Still, macro doesn’t give you the timing of trades, only the direction.

Over time, I became a Swing Trader, with a time frame based on weekly and occasionally monthly intervals. These trades range from three to six months, and macroeconomics plays a fundamental role in them.

Second hyperinflation, today, September 2023, in Argentina. It’s not a joke. It’s just starting, and we’re at 12% per month and worming up. I know what’s coming. It doesn’t scare me, but it sure does worry me.

Currently, I manage a small portfolio (with clients who have trusted me since my second job and local family offices), especially when compared to many “internet consultants” who handle billions. My portfolio management includes a combination of financial assets and real economy investments, with a focus on allocations between markets and real estate, particularly land in its early stages, in different countries and currencies. I manage various risks. Today, more than ever, it’s essential to be diversified in exposure to currencies, stocks, bonds, commodities, and real assets. This wasn’t always the case, but nowadays, real assets are the foundation of any logical

portfolio.

In my 47 years of life, I’ve spent more than 25 years in contact with the markets, one way or another. I’m still looking for answers in the ever-changing world of finance and economics. I believe my experiences, academic background, work experiences, and knowledge of technical analysis allow me to have a global perspective. I was on this journey when I stumbled upon Inter market Analysis, and once again, I got caught up in it.

But this time, with experience, clients, and no desire for Rock’n Roll.

Join in! We’re going to learn a lot, both of us.