Wealth Management

Gold went from a historic record in January to a drop of more than 25% by June. The 2026 cycle shows the metal hedges well against some risks and poorly against others, which changes how a position should be sized in a portfolio.

Compass's IPO ended nearly five years without a single initial public offering on Brazil's B3 exchange, but the deal's structure shows the market has returned more selective. More than 50 companies are already technically ready to go public, though the election calendar should keep most of them waiting until 2027.

Diversification remains one of the most effective strategies to reduce risk and protect wealth, balancing volatility and returns over the long term.