Acero, banca y tecnológicas: Los sectores 'refugio' para sortear la tormenta geopolítica | Borja De Castro | Estrategias de Inversión
28 April 2026
El pasado lunes 27 de abril, nuestro analista Borja de Castro, participó en Estrategias de Inversión para analizar el contexto actual de los mercados financieros, marcado por una elevada volatilidad macroeconómica y la incertidumbre en torno a las decisiones de los bancos centrales.
Borja subrayó que, pese al ruido de mercado, la situación general no es negativa y que la volatilidad debe entenderse como una fuente de oportunidades. Destacó que en los últimos meses se han producido algunas de las recuperaciones a corto plazo más significativas de la última década, lo que refuerza la idea de mantener exposición a mercado con un horizonte temporal definido, evitando intentar anticipar suelos o techos. En este sentido, señaló que sectores como el software, las compañías vinculadas a la reconstrucción, el sector financiero con elevado margen de crédito y los grandes actores de la inteligencia artificial se presentan como opciones sólidas para proteger y rentabilizar las carteras.
Asimismo, explicó que el escenario se ha ido clarificando a medida que avanza el calendario geopolítico, lo que podría favorecer una moderación progresiva de la volatilidad. No obstante, advirtió que el principal foco de vigilancia sigue estando en las decisiones de política monetaria. La evolución del precio del petróleo y su impacto desigual en Europa y Estados Unidos será determinante para los próximos movimientos del BCE y la Reserva Federal, con una mayor probabilidad de subidas de tipos en Europa si las presiones inflacionistas persisten
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