The Ibex 35 suffered its worst session of the year this Monday, with a 6% plunge that made it the hardest-hit index in Europe. The surge in oil prices to $122 per barrel, combined with geopolitical uncertainty, fueled fears of a global recession. Investors are fleeing equities amid rising energy costs and a lack of clear signals from central banks.
The energy impact on technological infrastructure 📉
The rise in crude oil prices not only hits traditional sectors. Data centers and cloud platforms, dependent on intensive electricity consumption, are seeing their margins shrink. Companies like Iberdrola or Acciona, linked to renewables, could benefit in the long term, but in the short term, risk aversion drags down the entire market. The Ibex's technical correction reflects a necessary adjustment after months of gains that ignored macro risks.
The Ibex 35 drops faster than an elevator in a blackout 😱
Seeing the Ibex fall 6% while oil soars is like going to buy bread and being charged for the whole oven. Investors rush to take refuge in bonds and gold, but it turns out gold is no longer such a safe haven because it's also falling. In the end, the only things that keep rising are the price of gasoline and the electricity bill. Meanwhile, analysts recommend staying calm and not looking at your portfolio until 2025.