Townsquare Media has completed a successful transformation but remains undervalued

Volatility may be either a risk or opportunity, depending on how it is used. For investors who make movements influenced by the continuous flow of news that appears on a daily basis, volatility has proven to be the most important factor in the loss of returns. In contrast, for those who are more patient, it becomes a indispensable alpha tool and a key ally for the development of their assets.
The Ibex 35 has been turning heads with above-average returns. Driven by the banking and energy sectors, the benchmark index of the Spanish stock market has gained over 21% so far in 2025 (as of June 6). It closed May above the 14,000-point mark, marking its third-best May on record with a 6.5% increase.
The ECB announced its eighth rate cut this week. Looking ahead, the scope for action is beginning to be limited.