{"id":2073,"date":"2023-07-11T18:20:33","date_gmt":"2023-07-11T18:20:33","guid":{"rendered":"https:\/\/activtrades.lat\/macro-journal\/?page_id=2073"},"modified":"2023-07-11T18:45:56","modified_gmt":"2023-07-11T18:45:56","slug":"macrojournal-julho-2023","status":"publish","type":"page","link":"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/","title":{"rendered":"MacroJournal &#8211; Julho 2023"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2073\" class=\"elementor elementor-2073\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d473bbb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d473bbb\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c00dea6\" data-id=\"c00dea6\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c1b2cba elementor-align-right elementor-mobile-align-right elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"c1b2cba\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\">\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-calendar-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Mi\u00e9rcoles, 12 de julio de 2023\u200b<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39e1787 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"39e1787\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"83\" height=\"81\" viewBox=\"0 0 83 81\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M83 0H0V80.5038H83V0ZM77.1621 4.36842L43.1556 70.8308C42.4191 72.3338 41.0821 73.5331 39.1317 74.4568C37.9177 75.0219 36.6355 75.4079 35.3123 75.6007H30.1288C28.7785 75.4079 27.4687 75.0219 26.2141 74.4842C24.1816 73.5882 22.7902 72.4162 22.0399 70.9963L5.61649 39.4539H23.6494L38.845 64.8893L69.7824 4.36842H77.1621Z\" fill=\"white\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-826356f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"826356f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-e4a300b\" data-id=\"e4a300b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea79ab1 elementor-view-default elementor-widget elementor-widget-icon\" 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v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Macro Journal<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d49d661 elementor-widget elementor-widget-heading\" data-id=\"d49d661\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ocurriendo ahora<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f155fe2 elementor-view-default elementor-widget elementor-widget-icon\" data-id=\"f155fe2\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"25\" viewBox=\"0 0 24 25\" fill=\"none\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M23.6083 11.5173C23.4845 11.392 23.3374 11.2926 23.1754 11.2247C23.0135 11.1569 22.8399 11.1219 22.6645 11.1219C22.4892 11.1219 22.3155 11.1569 22.1536 11.2247C21.9916 11.2926 21.8445 11.392 21.7207 11.5173L11.9997 21.334L2.27863 11.5173C2.02831 11.2646 1.6888 11.1227 1.33479 11.1227C0.980782 11.1227 0.641272 11.2646 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data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3cef2d70\" data-id=\"3cef2d70\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-54ec9377 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"54ec9377\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4772b9de\" data-id=\"4772b9de\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-185377ff elementor-widget elementor-widget-heading\" data-id=\"185377ff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pref\u00e1cio<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-30321940 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"30321940\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-11fbb4fb\" data-id=\"11fbb4fb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-299748a1 elementor-widget elementor-widget-text-editor\" data-id=\"299748a1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<ul><li style=\"list-style-type: none;\"><ul><li><p><span style=\"font-weight: 400;\">La secci\u00f3n Macro Geopol\u00edtica ofrece una breve panor\u00e1mica de la econom\u00eda china -en particular del sector automovil\u00edstico- y del \u00abmot\u00edn\u00bb que estuvo a punto de producirse en Rusia.\u00a0\u00a0<\/span><\/p><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b716be elementor-widget elementor-widget-image\" data-id=\"2b716be\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"594\" height=\"396\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-01.jpg\" class=\"attachment-1536x1536 size-1536x1536 wp-image-2077\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-01.jpg 594w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-01-300x200.jpg 300w\" sizes=\"(max-width: 594px) 100vw, 594px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-629c45b9 elementor-widget elementor-widget-text-editor\" data-id=\"629c45b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">La secci\u00f3n Macroeconom\u00eda presenta una panor\u00e1mica de la inflaci\u00f3n, los tipos de inter\u00e9s, la liquidez y una atenci\u00f3n especial al gran primer semestre del a\u00f1o en los mercados de capitales.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Por \u00faltimo, la secci\u00f3n de Entretenimiento ofrece sugerencias de pel\u00edculas, documentales y libros para el mes de julio.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b1435f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b1435f8\" data-element_type=\"section\" id=\"macro\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59e3af94\" data-id=\"59e3af94\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1dafd8bd elementor-align-left elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"1dafd8bd\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/MarioNawfal\/status\/1672530619748810752\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">v\u00eddeo  del discurso con subt\u00edtulos en ingl\u00e9s.<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-786f377b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"786f377b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-72f4e178\" data-id=\"72f4e178\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48710c94 elementor-widget elementor-widget-heading\" data-id=\"48710c94\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Macro Geopol\u00edtica<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5b196e32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b196e32\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6c768e\" data-id=\"6c768e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e113144 elementor-widget elementor-widget-text-editor\" data-id=\"7e113144\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>CHINA<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6518cb09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6518cb09\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5b1218c3\" data-id=\"5b1218c3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3be0a8cc elementor-widget elementor-widget-text-editor\" data-id=\"3be0a8cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A finales de 2022, en medio de protestas generalizadas, el gobierno chino abandon\u00f3 la pol\u00edtica de \u00abCOVID CERO\u00bb e inici\u00f3 el proceso de reapertura. Sin embargo, la recuperaci\u00f3n ha sido bastante lenta y el sector inmobiliario, uno de los principales motores econ\u00f3micos en el pasado, se encuentra en franco declive.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-67aec8cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67aec8cb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7acc7915\" data-id=\"7acc7915\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6581e499 elementor-widget elementor-widget-image\" data-id=\"6581e499\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"665\" height=\"525\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-02.jpg\" class=\"attachment-large size-large wp-image-2086\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-02.jpg 665w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-02-300x237.jpg 300w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9c421cf\" data-id=\"9c421cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-724791d elementor-widget elementor-widget-text-editor\" data-id=\"724791d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">En general, en este momento hay una historia de dos chinas: una de demanda interna m\u00e1s bien d\u00e9bil y otra de fuerte oferta en el mercado exterior.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Esta divergencia es atribuible en gran medida a la actual pol\u00edtica fiscal del pa\u00eds. Mientras EE. UU. inunda su sector privado con d\u00e9ficits fiscales, el gigante asi\u00e1tico ha sido m\u00e1s comedido fiscalmente. Durante todo el periodo de pandemia\/bloqueo, no han recurrido a un gasto fiscal agresivo e, incluso en medio de una tibia recuperaci\u00f3n, a\u00fan tardan en hacerlo.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-22e5ef8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22e5ef8b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6a4e167\" data-id=\"6a4e167\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bd942a2 elementor-widget elementor-widget-text-editor\" data-id=\"5bd942a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Si en alg\u00fan momento recurren al est\u00edmulo fiscal para combatir el estancamiento econ\u00f3mico, el efecto sobre la renta variable china y los mercados emergentes en general (m\u00e1s construcci\u00f3n china, m\u00e1s consumo chino, etc.) deber\u00eda ser potente. Mientras mantengan el status quo, es probable que la crisis persista, a pesar de la fuerte base industrial exportadora.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6527d8d0\" data-id=\"6527d8d0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a1a14b8 elementor-widget elementor-widget-image\" data-id=\"a1a14b8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"776\" height=\"469\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-03.jpg\" class=\"attachment-large size-large wp-image-2090\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-03.jpg 776w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-03-300x181.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-03-768x464.jpg 768w\" sizes=\"(max-width: 776px) 100vw, 776px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99800a5 elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"99800a5\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">* El apoyo fiscal de China ha sido escaso en lo que va de a\u00f1o.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d75a7b0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d75a7b0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-11421176\" data-id=\"11421176\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c6e6f97 elementor-widget elementor-widget-text-editor\" data-id=\"c6e6f97\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Foco total en las exportaciones<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5e797d elementor-widget elementor-widget-text-editor\" data-id=\"f5e797d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Seguramente se habr\u00e1 dado cuenta de la cantidad de nuevas marcas chinas de autom\u00f3viles que ocupan los pasillos de los centros comerciales y los concesionarios de su ciudad. No se alarme: es un fen\u00f3meno mundial.<\/span><\/p><p><strong>\u00a1China acaba de convertirse en el mayor exportador de autom\u00f3viles del mundo!\u00a0<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6440dca7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6440dca7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-508631f9\" data-id=\"508631f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f9d8a99 elementor-widget elementor-widget-image\" data-id=\"7f9d8a99\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"733\" height=\"477\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-04.jpg\" class=\"attachment-large size-large wp-image-2095\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-04.jpg 733w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-04-300x195.jpg 300w\" sizes=\"(max-width: 733px) 100vw, 733px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bdb4f0b elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"6bdb4f0b\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Detalle: antes de la pandemia, el pa\u00eds ocupaba la modest\u00edsima quinta posici\u00f3n del ranking; muy por detr\u00e1s de alemanes, japoneses y surcoreanos (imagen inferior).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1cdc82d4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1cdc82d4\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1923c9ff\" data-id=\"1923c9ff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74a8b4b7 elementor-widget elementor-widget-text-editor\" data-id=\"74a8b4b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">En poco m\u00e1s de tres a\u00f1os, el mercado automovil\u00edstico chino ha pasado de ser un mero actor secundario para convertirse en uno de los principales, y ahora satisface gran parte de la demanda mundial, especialmente de veh\u00edculos el\u00e9ctricos.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00abLas exportaciones chinas de autom\u00f3viles en el periodo enero-marzo de 2023 se dispararon un 58% interanual, hasta 1,07 millones de unidades exportadas en un solo trimestre\u00bb, seg\u00fan la Asociaci\u00f3n China de Fabricantes de Autom\u00f3viles.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7d29f340\" data-id=\"7d29f340\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e084d80 elementor-widget elementor-widget-image\" data-id=\"5e084d80\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"786\" height=\"586\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-05.jpg\" class=\"attachment-large size-large wp-image-2099\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-05.jpg 786w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-05-300x224.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-05-768x573.jpg 768w\" sizes=\"(max-width: 786px) 100vw, 786px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ae0f1b5 elementor-align-left elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"2ae0f1b5\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">*La l\u00ednea roja demuestra el crecimiento explosivo a partir de 2020<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-401d02b7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"401d02b7\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-48b45daf\" data-id=\"48b45daf\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41be0303 elementor-widget elementor-widget-image\" data-id=\"41be0303\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"682\" height=\"511\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-06.jpg\" class=\"attachment-large size-large wp-image-2102\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-06.jpg 682w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-06-300x225.jpg 300w\" sizes=\"(max-width: 682px) 100vw, 682px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4f7b574f\" data-id=\"4f7b574f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41169448 elementor-widget elementor-widget-text-editor\" data-id=\"41169448\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Un esc\u00e9ptico puede decir que los autos chinos son percibidos como de baja calidad, pero, vale la pena recordar, los autos surcoreanos se enfrentaron inicialmente a este estigma y hoy compiten s\u00f3lidamente en el mercado.<\/span><\/p><p><span style=\"font-weight: 400;\">El salto de calidad de los carros chinos es asombroso. Fabricantes de autom\u00f3viles como BYD y LI XIANG est\u00e1n a la altura de algunas de las marcas m\u00e1s lujosas del planeta, incluida Tesla.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5d7edbcd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d7edbcd\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-14aea652\" data-id=\"14aea652\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a623123 elementor-widget elementor-widget-text-editor\" data-id=\"4a623123\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Como curiosidad: a pesar de un a\u00f1o muy malo para la bolsa china (imagen 1); las empresas automovil\u00edsticas se han revalorizado sorprendentemente (imagen II).<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-17b9a93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17b9a93\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-15cb079c\" data-id=\"15cb079c\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6eece14d elementor-widget elementor-widget-image\" data-id=\"6eece14d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"737\" height=\"611\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-07.jpg\" class=\"attachment-large size-large wp-image-2106\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-07.jpg 737w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-07-300x249.jpg 300w\" sizes=\"(max-width: 737px) 100vw, 737px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5af86cd9 elementor-align-left elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"5af86cd9\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">*La bolsa china baja un -3,62% en el a\u00f1o (imagen 1).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7769f087\" data-id=\"7769f087\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1fbcd495 elementor-widget elementor-widget-image\" data-id=\"1fbcd495\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"766\" height=\"562\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-08.jpg\" class=\"attachment-large size-large wp-image-2109\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-08.jpg 766w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-08-300x220.jpg 300w\" sizes=\"(max-width: 766px) 100vw, 766px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3646c193 elementor-align-left elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"3646c193\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">*Las acciones de Li Xiang suben un impresionante +73,02% interanual (imagen II).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1324c66a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1324c66a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-59bf948d\" data-id=\"59bf948d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66adac04 elementor-widget elementor-widget-image\" data-id=\"66adac04\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"724\" height=\"483\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-09.jpg\" class=\"attachment-large size-large wp-image-2112\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-09.jpg 724w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-09-300x200.jpg 300w\" sizes=\"(max-width: 724px) 100vw, 724px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74c5604c elementor-align-left elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"74c5604c\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">*Un autom\u00f3vil es el segundo deseo m\u00e1s importante de las personas, s\u00f3lo es superado por el sue\u00f1o de poseer una casa propia.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1e643a6f\" data-id=\"1e643a6f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d15baaf elementor-widget elementor-widget-text-editor\" data-id=\"d15baaf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Pero \u00bfqu\u00e9 ha ocurrido?<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3719aa3f elementor-widget elementor-widget-text-editor\" data-id=\"3719aa3f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">En las dos \u00faltimas d\u00e9cadas, uno de los objetivos de China ha sido ascender en la cadena de valor. Empezaron exportando art\u00edculos muy baratos, pero han aumentado su destreza industrial y t\u00e9cnica para captar mercados de exportaci\u00f3n con mayor valor a\u00f1adido.\u00a0<\/span><\/p><p><b>La aparici\u00f3n de un segmento serio de exportaci\u00f3n de autom\u00f3viles es un ejemplo del \u00e9xito de esta estrategia.<\/b><\/p><p><span style=\"font-weight: 400;\">China produce m\u00e1s electricidad que ning\u00fan otro pa\u00eds, explota la mayor base industrial existente, es el mayor importador mundial de materias primas y produce m\u00e1s acero que todos los dem\u00e1s juntos. <\/span><b>Por \u00faltimo, en 2023 habr\u00e1n alcanzado la siguiente etapa en la fabricaci\u00f3n y exportaci\u00f3n de productos industriales a gran escala: <\/b><b>autom\u00f3viles completos.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6ef221de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6ef221de\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6c071c36\" data-id=\"6c071c36\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-496e2d98 elementor-widget elementor-widget-text-editor\" data-id=\"496e2d98\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Una cosa es fabricar mu\u00f1ecas de pl\u00e1stico, ropa barata o partes de productos inacabados; otra muy distinta es dominar la demanda mundial de autom\u00f3viles.<\/span><\/p><p><span style=\"font-weight: 400;\">Ser una potencia en exportaci\u00f3n de autom\u00f3viles permitir\u00e1 al gobierno chino avanzar en su programa de internacionalizar su moneda como medio de pago.<\/span><\/p><p><span style=\"font-weight: 400;\">Si alguna vez te has preguntado: <\/span><b><i>\u00ab\u00bfQu\u00e9 har\u00edan los pa\u00edses con las reservas de yuanes? \u201c.<\/i><\/b><\/p><p><span style=\"font-weight: 400;\">Invertir en veh\u00edculos de \u00faltima generaci\u00f3n me parece un buen destino.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b620645 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b620645\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-29caae8a\" data-id=\"29caae8a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ce04a4b elementor-widget elementor-widget-text-editor\" data-id=\"1ce04a4b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">El teatro ruso<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7a3709 elementor-widget elementor-widget-text-editor\" data-id=\"e7a3709\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Un antiguo analista de la CIA ha afirmado que Vladimir Putin \u00aborquest\u00f3\u00bb el golpe de Estado con el jefe mercenario del Grupo Wagner, Yevgeny Prigozhi, en una cl\u00e1sica falsa bandera para hacer creer a Occidente que su ej\u00e9rcito hab\u00eda sido debilitado.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6fd76bda\" data-id=\"6fd76bda\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-793c5822 elementor-widget elementor-widget-image\" data-id=\"793c5822\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"594\" height=\"396\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-10.jpg\" class=\"attachment-large size-large wp-image-2120\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-10.jpg 594w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-10-300x200.jpg 300w\" sizes=\"(max-width: 594px) 100vw, 594px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1845c81e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1845c81e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1fd2eaec\" data-id=\"1fd2eaec\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12657fb2 elementor-widget elementor-widget-image\" data-id=\"12657fb2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"326\" height=\"229\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/11.png\" class=\"attachment-large size-large wp-image-2122\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/11.png 326w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/11-300x211.png 300w\" sizes=\"(max-width: 326px) 100vw, 326px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-34bb1e8c\" data-id=\"34bb1e8c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63a47b38 elementor-widget elementor-widget-text-editor\" data-id=\"63a47b38\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Rebekah Koffler dijo en una entrevista con Fox News que el golpe se escenific\u00f3 como una forma de que el l\u00edder ruso aumentara su poder pol\u00edtico y, con el tiempo, ganara impulso, movilizara un reclutamiento adicional y reactivara su ofensiva en Ucrania. \u00bfSer\u00e1 as\u00ed?<\/span><\/p><p><span style=\"font-weight: 400;\">No estoy de acuerdo.\u00a0<\/span><\/p><p><b>En mi opini\u00f3n, Putin se ha visto personalmente sacudido y es m\u00e1s vulnerable que en ning\u00fan otro momento de sus dos d\u00e9cadas de gobierno en la Federaci\u00f3n Rusa.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-32e09a64 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32e09a64\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-61e19d3a\" data-id=\"61e19d3a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3198a7d elementor-widget elementor-widget-text-editor\" data-id=\"3198a7d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Piense conmigo: \u00bfQu\u00e9 sentido tiene pronunciar un contundente discurso nacional el s\u00e1bado por la ma\u00f1ana (24\/06) en el que menciona dos veces la <\/span><b>\u00abtraici\u00f3n<\/b><span style=\"font-weight: 400;\">\u00ab, califica los hechos de <\/span><b>\u00abmot\u00edn interno\u00bb<\/b><span style=\"font-weight: 400;\"> y \u00ab<\/span><b>pu\u00f1alada por la espalda\u00bb<\/b><span style=\"font-weight: 400;\">, para horas despu\u00e9s indultar a todos los responsables?<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2dac69d9\" data-id=\"2dac69d9\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5cb7c4d2 elementor-widget elementor-widget-image\" data-id=\"5cb7c4d2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"487\" height=\"277\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/11-e.png\" class=\"attachment-large size-large wp-image-2126\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/11-e.png 487w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/11-e-300x171.png 300w\" sizes=\"(max-width: 487px) 100vw, 487px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-76f0b579 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"76f0b579\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4c8ecac5\" data-id=\"4c8ecac5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5effa8a1 elementor-widget elementor-widget-text-editor\" data-id=\"5effa8a1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Para los que no hayan seguido los detalles, he aqu\u00ed un resumen del acuerdo que impidi\u00f3 que continuara la rebeli\u00f3n:\u00a0<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">se permiti\u00f3 a todos los mercenarios del grupo Wagner regresar a sus bases y firmar contratos con los militares rusos,<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">todos los cargos criminales contra <\/span><i><span style=\"font-weight: 400;\">Prigozhin<\/span><\/i><span style=\"font-weight: 400;\">, el jefe del grupo Wagner, fueron retirados y fue \u00abtransferido\u00bb a Bielorrusia. <\/span><\/li><\/ol><p><span style=\"font-weight: 400;\">B\u00e1sicamente, el acuerdo va absolutamente en contra de todo lo que, <\/span><b>horas antes<\/b><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Vladimir Putin asegur\u00f3 que har\u00eda con los traidores de la naci\u00f3n.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Despu\u00e9s de todo, \u00bfqu\u00e9 clase de mensaje env\u00eda todo esto a sus innumerables oponentes? \u00bfDe fuerza? \u00bfDe un l\u00edder que controla la situaci\u00f3n?\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Lo dudo mucho.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">En mi opini\u00f3n, esta \u00abcasi\u00bb revuelta\/rebeli\u00f3n puso de manifiesto la debilidad de las fuerzas de seguridad rusas y demostr\u00f3 la incapacidad de Putin para utilizar su autoridad a tiempo para repeler una amenaza interna y erosion\u00f3 a\u00fan m\u00e1s su monopolio de mando.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-50983444 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"50983444\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-29c671c4\" data-id=\"29c671c4\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-44cd62a4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"44cd62a4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3398bab7\" data-id=\"3398bab7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-275a7daa elementor-widget elementor-widget-heading\" data-id=\"275a7daa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Macroeconomia<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6e6f9318 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e6f9318\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5426fb40\" data-id=\"5426fb40\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-190a9809 bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"190a9809\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">BREVE RETROSPECTIVA \n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-687d7b82 elementor-widget elementor-widget-text-editor\" data-id=\"687d7b82\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Los inversores empezaron el a\u00f1o pregunt\u00e1ndose si la econom\u00eda mundial estaba a punto de sufrir un aterrizaje brusco (que presionar\u00eda a los bancos centrales a empezar a recortar las tasas de inter\u00e9s) o si lograr\u00eda un \u00abaterrizaje suave\u00bb.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Se preve\u00eda que muchas econom\u00edas entrar\u00edan en recesi\u00f3n a finales de 2022 o principios de 2023 y que la inflaci\u00f3n se enfriar\u00eda r\u00e1pidamente.\u00a0<\/span><\/p><p><b>El resultado hasta ahora ha sido la prolongaci\u00f3n de la inflaci\u00f3n y el retraso de la recesi\u00f3n.<\/b><span style=\"font-weight: 400;\"> La inflaci\u00f3n ha tardado m\u00e1s en bajar de lo que muchos pensaban, pero, adem\u00e1s, el potencial de recesi\u00f3n sigue adelant\u00e1ndose trimestre a trimestre.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7d0b2131 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d0b2131\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-77c5dba1\" data-id=\"77c5dba1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2796cec9 bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"2796cec9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">INFLACI\u00d3N<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2bbd38a4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2bbd38a4\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2b43bd5c\" data-id=\"2b43bd5c\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6adc13c6 elementor-widget elementor-widget-text-editor\" data-id=\"6adc13c6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">La inflaci\u00f3n ha ca\u00eddo significativamente en la mayor\u00eda de los pa\u00edses, y la reducci\u00f3n de los precios de la energ\u00eda y las materias primas ha desempe\u00f1ado un papel importante. Lamentablemente, la inflaci\u00f3n subyacente no est\u00e1 disminuyendo tan r\u00e1pidamente (debido a insumos como la vivienda y los alimentos), lo que significa que los tipos podr\u00edan tener que mantenerse elevados durante m\u00e1s tiempo.<\/span><\/p><p><span style=\"font-weight: 400;\">A continuaci\u00f3n, la inflaci\u00f3n de la zona euro muestra que se mantiene muy por encima de los m\u00e1ximos recientes:<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-20e24fdf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20e24fdf\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-25a306f0\" data-id=\"25a306f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2cf327d4 elementor-widget elementor-widget-image\" data-id=\"2cf327d4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"378\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-12.jpg\" class=\"attachment-large size-large wp-image-2138\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-12.jpg 876w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-12-300x142.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-12-768x363.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-200e59e2\" data-id=\"200e59e2\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-157fc518 elementor-widget elementor-widget-text-editor\" data-id=\"157fc518\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Algunos pa\u00edses han frenado las subidas de los tipos de inter\u00e9s, pero parece que el Reino Unido y Europa tendr\u00e1n que seguir adelante. Los analistas y algunos inversores apuestan por que los tipos bajar\u00e1n pronto, mientras que los comentarios de los banqueros centrales (y los\u00a0<\/span><span style=\"font-weight: 400;\">datos de algunas econom\u00edas) sugieren que a\u00fan queda mucho camino por recorrer antes de que veamos tipos m\u00e1s bajos.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-681ca1ce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"681ca1ce\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-517e820c\" data-id=\"517e820c\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10abf1c9 bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"10abf1c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">BOLSA DE VALORES\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-495e42a4 elementor-widget elementor-widget-text-editor\" data-id=\"495e42a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">\u00a1Vaya cierre de primer semestre! Tras un a\u00f1o muy duro para la renta variable en 2022, este repunte en los 6 primeros meses de 2023 ha supuesto un alivio para muchos inversores.<\/span><\/p><p><span style=\"font-weight: 400;\">Destacamos positivamente las bolsas de Argentina, M\u00e9xico y Brasil, que suben respectivamente (+35,6%), (+26,7%) y (+18,8%) en el a\u00f1o.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5eca8006\" data-id=\"5eca8006\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33ca520f elementor-widget elementor-widget-image\" data-id=\"33ca520f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"486\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-13.jpg\" class=\"attachment-large size-large wp-image-2143\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-13.jpg 830w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-13-300x182.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-13-768x466.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54ea572c elementor-align-center elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"54ea572c\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">*Datos calculados al cierre del semestre (30\/06\/2023).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5080d9f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5080d9f9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6b73e18c\" data-id=\"6b73e18c\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47634aae elementor-widget elementor-widget-text-editor\" data-id=\"47634aae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">En Europa, Grecia domin\u00f3 las subidas, con un impresionante +40,2%.<\/span><\/p><p><span style=\"font-weight: 400;\">En Asia, la mayor sorpresa es sin duda la bolsa japonesa, que supera los 33.000 puntos por primera vez <\/span><b>desde 1990.<\/b><\/p><p><i><span style=\"font-weight: 400;\">El aspecto negativo m\u00e1s destacado es la bolsa china, que ha bajado un -4,9% en el a\u00f1o.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7171daf7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7171daf7\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3f13e09b\" data-id=\"3f13e09b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c098498 elementor-widget elementor-widget-image\" data-id=\"1c098498\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"385\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-14.jpg\" class=\"attachment-large size-large wp-image-2147\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-14.jpg 856w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-14-300x144.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-14-768x370.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-574343b4 elementor-align-center elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"574343b4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">* El \u00edndice Nikkei 225 alcanz\u00f3 su nivel m\u00e1s alto en 33 a\u00f1os.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4b5fb7ea elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b5fb7ea\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-257a6152\" data-id=\"257a6152\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7bd1e918 bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"7bd1e918\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SECTORES CON MEJORES Y PEORES RESULTADOS\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d55a28a elementor-widget elementor-widget-text-editor\" data-id=\"3d55a28a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">En el \u00faltimo Macro Journal mencion\u00e9 que la mayor parte de la fuerza reciente del S&amp;P500 se debe a s\u00f3lo 15 acciones. Para tener una perspectiva diferente, he aqu\u00ed el rendimiento de los valores del Dow Jones en lo que va de a\u00f1o. <\/span><b>De los 30 valores del \u00edndice, s\u00f3lo 13 han subido m\u00e1s que a finales de 2022 y s\u00f3lo 5 han subido m\u00e1s de un 10%.<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-433ccf91\" data-id=\"433ccf91\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-211edba1 elementor-widget elementor-widget-image\" data-id=\"211edba1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"340\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-15.jpg\" class=\"attachment-large size-large wp-image-2152\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-15.jpg 846w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-15-300x128.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-15-768x327.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-130062dd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"130062dd\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1489f11c\" data-id=\"1489f11c\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2a35f47e elementor-widget elementor-widget-text-editor\" data-id=\"2a35f47e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Los mejores del semestre:<\/span><\/p><p><span style=\"font-weight: 400;\">1-lugar: Casi todas las empresas con una estrategia de Inteligencia Artificial, con Nvidia a la cabeza (+194% en lo que va de a\u00f1o).<\/span><\/p><p><span style=\"font-weight: 400;\">2-lugar: Los sectores de telecomunicaciones y consumo discrecional suben un 36% y un 29% respectivamente, en gran parte gracias al rendimiento de Alphabet, Meta, Amazon y Tesla.<\/span><\/p><p><span style=\"font-weight: 400;\">3-lugar: El sector del lujo tambi\u00e9n registr\u00f3 mejores resultados, y la francesa LVMH -propietaria de la marca Louis Vuitton- se convirti\u00f3 en la empresa m\u00e1s valiosa de Europa.<\/span><\/p><p><span style=\"font-weight: 400;\">4-lugar: Jap\u00f3n vuelve a estar en el punto de mira de los inversores ahora que el \u00edndice Nikkei 225 se acerca a su m\u00e1ximo hist\u00f3rico de 1989.\u00a0<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Lo peor del semestre:<\/span><\/p><p><span style=\"font-weight: 400;\">1-lugar: Los valores energ\u00e9ticos (petr\u00f3leo) y de servicios p\u00fablicos de EE.UU. est\u00e1n bajo presi\u00f3n tras su buen rendimiento en 2022.<\/span><\/p><p><span style=\"font-weight: 400;\">2-lugar: China. La recuperaci\u00f3n del mercado burs\u00e1til chino se tambale\u00f3 a principios de a\u00f1o, ya que los datos mostraron que el crecimiento econ\u00f3mico del pa\u00eds se estanc\u00f3.<\/span><\/p><p><span style=\"font-weight: 400;\">3-lugar: Los commodities est\u00e1n teniendo un a\u00f1o miserable y en promedio han acumulado p\u00e9rdidas del 20% s\u00f3lo este a\u00f1o.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">4-lugar: El oro tambi\u00e9n est\u00e1 teniendo un desempe\u00f1o decepcionante en 2023.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">A pesar del entusiasmo de los medios de comunicaci\u00f3n sobre un nuevo mercado alcista, es importante tener en cuenta el entorno completamente diferente y desafiante en el que vivimos. En enero, <\/span><b>Howard Marks<\/b><span style=\"font-weight: 400;\">, mencion\u00f3 en una de sus famosas cartas lo siguiente:\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-45fc6dc2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45fc6dc2\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-268e0f49\" data-id=\"268e0f49\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d78e0ca elementor-widget elementor-widget-text-editor\" data-id=\"1d78e0ca\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote><p><span style=\"font-weight: 400;\">\u00abla baja inflaci\u00f3n y el descenso de los tipos de inter\u00e9s han sido el principal motor de los fuertes rendimientos de la renta variable en las \u00faltimas cuatro d\u00e9cadas. Ahora podr\u00edamos estar entrando en un periodo en el que las tasas son m\u00e1s altas, en promedio, y ya no bajan persistentemente\u00bb.<\/span><\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2caf4d39 elementor-widget elementor-widget-text-editor\" data-id=\"2caf4d39\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Es la verdad m\u00e1s pura.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-19c8f09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19c8f09\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6f3a645a\" data-id=\"6f3a645a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2971e986 elementor-widget elementor-widget-image\" data-id=\"2971e986\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"508\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-16.jpg\" class=\"attachment-large size-large wp-image-2157\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-16.jpg 836w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-16-300x191.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-16-768x488.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f275f3a elementor-widget elementor-widget-text-editor\" data-id=\"f275f3a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><i><span style=\"font-weight: 400;\">*liquidez en azul y bolsa de valores en rojo.<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-532ba601\" data-id=\"532ba601\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-150a9921 bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"150a9921\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">LIQUIDEZ EN LOS MERCADOS\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2dc6afdd elementor-widget elementor-widget-text-editor\" data-id=\"2dc6afdd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">La liquidez es uno de los principales motores a medio plazo tanto de los activos financieros como de la propia econom\u00eda.<\/span><\/p><p><span style=\"font-weight: 400;\">Las valoraciones, el crecimiento estructural y los factores macroecon\u00f3micos sirven de base a mis opiniones a largo plazo sobre diversas clases de activos, pero e<\/span><span style=\"font-weight: 400;\">n los \u00faltimos a\u00f1os<\/span><b>, la liquidez<\/b><span style=\"font-weight: 400;\"> ha sido el motor de los mercados en pr\u00e1cticamente todas las situaciones.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4f789b96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f789b96\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1ae572f0\" data-id=\"1ae572f0\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c3f5f5b bdt-backdrop-filter-yes elementor-widget elementor-widget-heading\" data-id=\"6c3f5f5b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Recapitulemos:\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7091f0eb elementor-align-left elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"7091f0eb\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Desde marzo de 2020 hasta finales de 2021, el mercado estuvo bajo un r\u00e9gimen pro-liquidez muy positivo para la mayor\u00eda de los activos. La Reserva Federal, en particular, inyectaba cantidades masivas de liquidez que, combinadas con el est\u00edmulo fiscal, creaban un entorno de mercado extremadamente favorable.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35f7b49d elementor-align-left elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"35f7b49d\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Desde principios de 2021 hasta septiembre de 2022, el mercado estuvo bajo un r\u00e9gimen de liquidez muy negativo, que fue bajista para la mayor\u00eda de los activos. La Reserva Federal estaba llevando a cabo un endurecimiento cuantitativo y el Tesoro tambi\u00e9n estaba reponiendo su Cuenta General. El mercado de renta fija estadounidense perdi\u00f3 liquidez, el mercado burs\u00e1til se desplom\u00f3 y el \u00edndice del d\u00f3lar toc\u00f3 techo.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a921676 elementor-align-left elementor-icon-list--layout-inline elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"6a921676\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-check\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">De octubre de 2022 a mayo de 2023, el mercado estuvo bajo un r\u00e9gimen de liquidez pr\u00e1cticamente estable. La Reserva Federal segu\u00eda haciendo un endurecimiento cuantitativo (negativo para la liquidez) y el Tesoro compensaba r\u00e1pidamente reponiendo liquidez al sector financiero (Reverse Repo). La ca\u00edda del \u00edndice del d\u00f3lar tambi\u00e9n fue muy buena para la liquidez mundial. Varios activos se vieron impulsados y volvieron a subir.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35d9b349 elementor-widget elementor-widget-text-editor\" data-id=\"35d9b349\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote><p><b>Ahora, las perspectivas de liquidez son mucho m\u00e1s sombr\u00edas.<\/b><\/p><p><span style=\"font-weight: 400;\">De enero a mayo de 2023, el Tesoro compens\u00f3 la reducci\u00f3n de liquidez de la Fed con sus reservas de efectivo y as\u00ed tuvimos una situaci\u00f3n de liquidez estable. Lo hizo por dos razones: la crisis de los bancos regionales y el estancamiento en el Congreso sobre el aumento del techo de la deuda (debt ceilling).<\/span><\/p><p><span style=\"font-weight: 400;\">Una vez superado el techo de deuda y estabilizada la situaci\u00f3n del sistema financiero, es probable que el Tesoro retire liquidez del mercado mediante la reconstituci\u00f3n de sus reservas de efectivo.\u00a0<\/span><\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-704c1f56 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"704c1f56\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-587a4cec\" data-id=\"587a4cec\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-49fcef05 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49fcef05\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-11ac32c7\" data-id=\"11ac32c7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-59895fc9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59895fc9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4053271f\" data-id=\"4053271f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-565a1b7b elementor-widget elementor-widget-heading\" data-id=\"565a1b7b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">ENTRETENIMIENTO<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-62fb1e1e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62fb1e1e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6953fc0d\" data-id=\"6953fc0d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71a13c00 elementor-widget elementor-widget-text-editor\" data-id=\"71a13c00\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Las indicaciones de la secci\u00f3n de entretenimiento no est\u00e1n necesariamente relacionadas con los mercados de capitales y las inversiones. La intenci\u00f3n es ofrecer pocas pero valiosas sugerencias.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6049e1ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6049e1ed\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1fe3cbb8\" data-id=\"1fe3cbb8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-57113eac elementor-widget elementor-widget-heading\" data-id=\"57113eac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DOCUMENTAL<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-59d7bb48 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59d7bb48\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-73d08e14\" data-id=\"73d08e14\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4265cda1 elementor-widget elementor-widget-image\" data-id=\"4265cda1\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"478\" height=\"719\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-17.jpg\" class=\"attachment-full size-full wp-image-2173\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-17.jpg 478w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-17-199x300.jpg 199w\" sizes=\"(max-width: 478px) 100vw, 478px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-33d8eba7\" data-id=\"33d8eba7\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12b15652 elementor-widget elementor-widget-text-editor\" data-id=\"12b15652\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong><em>ARNOLD<\/em><\/strong><\/p><p><span style=\"font-weight: 400;\">Documental sobre la vida de Arnold Schwarzenegger. Dividido en 3 episodios (los a\u00f1os de culturismo; los a\u00f1os de estrellato cinematogr\u00e1fico; su exitosa entrada en el mundo de la pol\u00edtica como gobernador de California), revela muchos hechos e historias interesante y <\/span><span style=\"font-weight: 400;\">a veces desconocida, sobre su improbable ascenso a la cima del \u00e9xito. Est\u00e1 disponible en el cat\u00e1logo de Netflix.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4d04ad9a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d04ad9a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;slideshow&quot;,&quot;background_slideshow_gallery&quot;:[],&quot;background_slideshow_loop&quot;:&quot;yes&quot;,&quot;background_slideshow_slide_duration&quot;:5000,&quot;background_slideshow_slide_transition&quot;:&quot;fade&quot;,&quot;background_slideshow_transition_duration&quot;:500}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-10c0c47e\" data-id=\"10c0c47e\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-415e6215 elementor-widget elementor-widget-heading\" data-id=\"415e6215\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">PEL\u00cdCULA<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a1ae0b5 elementor-widget elementor-widget-text-editor\" data-id=\"5a1ae0b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong><em>JOHN WICK 4<\/em><\/strong><\/p><p><span style=\"font-weight: 400;\">John Wick 4 (Baba Yaga). La mejor pel\u00edcula de acci\u00f3n en mucho tiempo. Las 4 pel\u00edculas de la saga John Wick son excelentes y esta \u00faltima es quiz\u00e1s la mejor. Merece la pena verla. 94% de aprobaci\u00f3n en Rotten Tomatoes y 7,9 en IMDB.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-63b10d65\" data-id=\"63b10d65\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ca619b5 elementor-widget elementor-widget-image\" data-id=\"5ca619b5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"777\" height=\"538\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-18.jpg\" class=\"attachment-full size-full wp-image-2178\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-18.jpg 777w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-18-300x208.jpg 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-18-768x532.jpg 768w\" sizes=\"(max-width: 777px) 100vw, 777px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2866c881 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2866c881\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6508607a\" data-id=\"6508607a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3eed0ae6 elementor-widget elementor-widget-spacer\" data-id=\"3eed0ae6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60836ea elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60836ea\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8c01b4f\" data-id=\"8c01b4f\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c90d224 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c90d224\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-915d61a\" data-id=\"915d61a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a60c23f elementor-widget elementor-widget-heading\" data-id=\"a60c23f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Un gran abrazo,\n\n\nGustavo Rigon <br>\n\nJulio 2023\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fc8ddf8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fc8ddf8\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5faeade\" data-id=\"5faeade\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1409af6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1409af6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-990053a\" data-id=\"990053a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e96520 elementor-widget elementor-widget-image\" data-id=\"8e96520\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-1024x683.png\" class=\"attachment-large size-large wp-image-4330\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-1024x683.png 1024w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-300x200.png 300w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75-768x512.png 768w, https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2024\/12\/placeholder-75.png 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-04508e2\" data-id=\"04508e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9572f43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9572f43\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-98ecae1\" data-id=\"98ecae1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d31d49b elementor-widget elementor-widget-heading\" data-id=\"d31d49b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Contacto<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-553cfa3 elementor-align-left elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"553cfa3\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-map-marker-alt\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Av. Mauro Ramos, 1512 - Centro, Florian\u00f3polis - SC, 88020-302, Brasil<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"http:\/\/latamdesk@activtrades.com\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-envelope\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">latamdesk@activtrades.com<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-51e9e3a\" data-id=\"51e9e3a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed27f7d elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"ed27f7d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Links \u00fateis<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-580f43c elementor-align-left elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"580f43c\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/activtrades.com.br\/go\/governanca\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Governan\u00e7a<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/activtrades.com.br\/go\/ouvidoria\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Ouvidoria<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/activtrades.com.br\/go\/canal-de-denuncias\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-link\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Canal de Den\u00fancias<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-2c92053\" data-id=\"2c92053\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b4c1318 elementor-widget elementor-widget-heading\" data-id=\"b4c1318\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">S\u00edguenos en<br>\n<b>Redes Sociales<\/b><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-798a95c e-grid-align-left elementor-shape-rounded elementor-grid-0 elementor-widget elementor-widget-social-icons\" data-id=\"798a95c\" data-element_type=\"widget\" data-widget_type=\"social-icons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-social-icons.elementor-grid-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-mobile-0 .elementor-widget-container,.elementor-widget-social-icons.elementor-grid-tablet-0 .elementor-widget-container{line-height:1;font-size:0}.elementor-widget-social-icons:not(.elementor-grid-0):not(.elementor-grid-tablet-0):not(.elementor-grid-mobile-0) .elementor-grid{display:inline-grid}.elementor-widget-social-icons .elementor-grid{grid-column-gap:var(--grid-column-gap,5px);grid-row-gap:var(--grid-row-gap,5px);grid-template-columns:var(--grid-template-columns);justify-content:var(--justify-content,center);justify-items:var(--justify-content,center)}.elementor-icon.elementor-social-icon{font-size:var(--icon-size,25px);line-height:var(--icon-size,25px);width:calc(var(--icon-size, 25px) + (2 * var(--icon-padding, .5em)));height:calc(var(--icon-size, 25px) + (2 * var(--icon-padding, .5em)))}.elementor-social-icon{--e-social-icon-icon-color:#fff;display:inline-flex;background-color:#69727d;align-items:center;justify-content:center;text-align:center;cursor:pointer}.elementor-social-icon i{color:var(--e-social-icon-icon-color)}.elementor-social-icon svg{fill:var(--e-social-icon-icon-color)}.elementor-social-icon:last-child{margin:0}.elementor-social-icon:hover{opacity:.9;color:#fff}.elementor-social-icon-android{background-color:#a4c639}.elementor-social-icon-apple{background-color:#999}.elementor-social-icon-behance{background-color:#1769ff}.elementor-social-icon-bitbucket{background-color:#205081}.elementor-social-icon-codepen{background-color:#000}.elementor-social-icon-delicious{background-color:#39f}.elementor-social-icon-deviantart{background-color:#05cc47}.elementor-social-icon-digg{background-color:#005be2}.elementor-social-icon-dribbble{background-color:#ea4c89}.elementor-social-icon-elementor{background-color:#d30c5c}.elementor-social-icon-envelope{background-color:#ea4335}.elementor-social-icon-facebook,.elementor-social-icon-facebook-f{background-color:#3b5998}.elementor-social-icon-flickr{background-color:#0063dc}.elementor-social-icon-foursquare{background-color:#2d5be3}.elementor-social-icon-free-code-camp,.elementor-social-icon-freecodecamp{background-color:#006400}.elementor-social-icon-github{background-color:#333}.elementor-social-icon-gitlab{background-color:#e24329}.elementor-social-icon-globe{background-color:#69727d}.elementor-social-icon-google-plus,.elementor-social-icon-google-plus-g{background-color:#dd4b39}.elementor-social-icon-houzz{background-color:#7ac142}.elementor-social-icon-instagram{background-color:#262626}.elementor-social-icon-jsfiddle{background-color:#487aa2}.elementor-social-icon-link{background-color:#818a91}.elementor-social-icon-linkedin,.elementor-social-icon-linkedin-in{background-color:#0077b5}.elementor-social-icon-medium{background-color:#00ab6b}.elementor-social-icon-meetup{background-color:#ec1c40}.elementor-social-icon-mixcloud{background-color:#273a4b}.elementor-social-icon-odnoklassniki{background-color:#f4731c}.elementor-social-icon-pinterest{background-color:#bd081c}.elementor-social-icon-product-hunt{background-color:#da552f}.elementor-social-icon-reddit{background-color:#ff4500}.elementor-social-icon-rss{background-color:#f26522}.elementor-social-icon-shopping-cart{background-color:#4caf50}.elementor-social-icon-skype{background-color:#00aff0}.elementor-social-icon-slideshare{background-color:#0077b5}.elementor-social-icon-snapchat{background-color:#fffc00}.elementor-social-icon-soundcloud{background-color:#f80}.elementor-social-icon-spotify{background-color:#2ebd59}.elementor-social-icon-stack-overflow{background-color:#fe7a15}.elementor-social-icon-steam{background-color:#00adee}.elementor-social-icon-stumbleupon{background-color:#eb4924}.elementor-social-icon-telegram{background-color:#2ca5e0}.elementor-social-icon-thumb-tack{background-color:#1aa1d8}.elementor-social-icon-tripadvisor{background-color:#589442}.elementor-social-icon-tumblr{background-color:#35465c}.elementor-social-icon-twitch{background-color:#6441a5}.elementor-social-icon-twitter{background-color:#1da1f2}.elementor-social-icon-viber{background-color:#665cac}.elementor-social-icon-vimeo{background-color:#1ab7ea}.elementor-social-icon-vk{background-color:#45668e}.elementor-social-icon-weibo{background-color:#dd2430}.elementor-social-icon-weixin{background-color:#31a918}.elementor-social-icon-whatsapp{background-color:#25d366}.elementor-social-icon-wordpress{background-color:#21759b}.elementor-social-icon-xing{background-color:#026466}.elementor-social-icon-yelp{background-color:#af0606}.elementor-social-icon-youtube{background-color:#cd201f}.elementor-social-icon-500px{background-color:#0099e5}.elementor-shape-rounded .elementor-icon.elementor-social-icon{border-radius:10%}.elementor-shape-circle .elementor-icon.elementor-social-icon{border-radius:50%}<\/style>\t\t<div class=\"elementor-social-icons-wrapper elementor-grid\">\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-instagram elementor-repeater-item-b806270\" href=\"https:\/\/www.instagram.com\/activtrades_latinoamerica\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Instagram<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-instagram\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-youtube elementor-repeater-item-2fe92a4\" href=\"https:\/\/www.youtube.com\/channel\/UCjofvoJzOvot6ZHst15GHUw\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Youtube<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-youtube\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-facebook elementor-repeater-item-d6063c8\" href=\"https:\/\/m.facebook.com\/ActivTradesLA\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Facebook<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-facebook\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d9b40e2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d9b40e2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-19559b7\" data-id=\"19559b7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61a4514 elementor-widget elementor-widget-text-editor\" data-id=\"61a4514\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h5>Descargo de Responsabilidad<\/h5><p><br \/>ActivTrades Corp es una entidad debidamente registrada en la Mancomunidad de las Bahamas (\u201cBahamas\u201d) con el n\u00famero 199667(B), con domicilio social en 209 &amp; 210 Church Street, Standyport, P.O. Box SP 64388, Nassau, Bahamas, autorizado y regulado por la Securities Commission of the Bahamas (SCB), que es signataria del Memorando de Entendimiento Multilateral de la Organizaci\u00f3n de Comisiones de Valores (IOSCO). ActivTrades Corp es una subsidiaria de ActivTrades PLC, una entidad con sede en The Loom, Office 2.5, 14 Gower\u2019s Walk, Londres, Reino Unido \u2013 E1 8PY, autorizada y regulada por la Autoridad de Conducta Financiera (FCA) en el Reino Unido con el n\u00famero 43441.<\/p><p>Los productos ofrecidos por ActivTrades Corp son instrumentos complejos y conllevan un alto riesgo de perder capital r\u00e1pidamente debido al apalancamiento. La mayor\u00eda de los clientes minoristas pierden dinero cuando negocian derivados con ActivTrades Corp. Consulta en www.activtrades.com el porcentaje actualizado de clientes que pierden dinero con esta instituci\u00f3n al operar con Derivados. Debe considerar su grado de comprensi\u00f3n de c\u00f3mo funcionan los productos complejos y si puede arriesgarse a perder su inversi\u00f3n. El rendimiento pasado no garantiza resultados futuros. Las fluctuaciones de precios pueden ser particularmente fuertes en el caso de un activo con mayor volatilidad y el valor de una inversi\u00f3n puede caer repentina y sustancialmente.<\/p><p>Los activos financieros o inversiones presentados en esta plataforma pueden no ser adecuados para todos los inversores, ya que no tienen en cuenta los objetivos de inversi\u00f3n, la situaci\u00f3n financiera o las necesidades espec\u00edficas de cada inversor, considerando la pol\u00edtica de idoneidad. Los inversores deben obtener asesoramiento financiero independiente, en funci\u00f3n de sus caracter\u00edsticas personales, antes de tomar una decisi\u00f3n de inversi\u00f3n. Te recomendamos conocer las caracter\u00edsticas y riesgos de los mercados antes de emprender.<\/p><p>Toda comunicaci\u00f3n realizada a trav\u00e9s de la world wide web est\u00e1 sujeta a interrupciones o retrasos, que pueden impedir o perjudicar el env\u00edo o recepci\u00f3n de informaci\u00f3n actualizada. ActivTrades Corp, ActivTrades PLC y\/o cualquier otra afiliada no ser\u00e1n responsables de los datos sufridos por sus clientes como resultado de la falla de los servicios prestados por terceros.<\/p><p>ActivTrades no hace recomendaciones ni brinda asesoramiento sobre asuntos de inversi\u00f3n, financieros, legales o fiscales. La informaci\u00f3n contenida en este sitio web tiene \u00fanicamente fines informativos, no constituye ni debe interpretarse como un an\u00e1lisis, solicitud de compra o venta, oferta o recomendaci\u00f3n de cualquier activo financiero o inversi\u00f3n, asesoramiento legal o fiscal, sugerencia de asignaci\u00f3n o adopci\u00f3n de estrategias por parte de parte de ActivTrades.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-320bdc9 elementor-widget elementor-widget-text-editor\" data-id=\"320bdc9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Mi\u00e9rcoles, 12 de julio de 2023\u200b Macro Journal ocurriendo ahora Pref\u00e1cio La secci\u00f3n Macro Geopol\u00edtica ofrece una breve panor\u00e1mica de la econom\u00eda china -en particular del sector automovil\u00edstico- y del \u00abmot\u00edn\u00bb que estuvo a punto de producirse en Rusia.\u00a0\u00a0 La secci\u00f3n Macroeconom\u00eda presenta una panor\u00e1mica de la inflaci\u00f3n, los tipos de inter\u00e9s, la liquidez y [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"inline_featured_image":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.9 (Yoast SEO v20.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MacroJournal - Julho 2023 - Macro Jornal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MacroJournal - Julho 2023\" \/>\n<meta property=\"og:description\" content=\"Mi\u00e9rcoles, 12 de julio de 2023\u200b Macro Journal ocurriendo ahora Pref\u00e1cio La secci\u00f3n Macro Geopol\u00edtica ofrece una breve panor\u00e1mica de la econom\u00eda china -en particular del sector automovil\u00edstico- y del \u00abmot\u00edn\u00bb que estuvo a punto de producirse en Rusia.\u00a0\u00a0 La secci\u00f3n Macroeconom\u00eda presenta una panor\u00e1mica de la inflaci\u00f3n, los tipos de inter\u00e9s, la liquidez y [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Macro Jornal\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T18:45:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/activtrades.lat\/macro-journal\/wp-content\/uploads\/sites\/8\/2023\/07\/IMAGEM-01.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data1\" content=\"17 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/\",\"url\":\"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/\",\"name\":\"MacroJournal - Julho 2023 - Macro Jornal\",\"isPartOf\":{\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/#website\"},\"datePublished\":\"2023-07-11T18:20:33+00:00\",\"dateModified\":\"2023-07-11T18:45:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/activtrades.lat\/macro-journal\/macrojournal-julho-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/activtrades.lat\/macro-journal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MacroJournal &#8211; 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