Let's talk about the United States, the stocks went through a session on Tuesday marked by adjustment. The S&P 500 and Nasdaq recorded slight declines, while the Dow Jones once again diverged from the rest of the market by ending the day at a new historical record, primarily supported by stocks with a more cyclical profile, linked to the industrial and consumer sectors. This uneven performance reflects a backdrop that is still divided: on one side, the debate about a possible technology bubble is growing, with conflicting valuations between institutions that still see additional room for appreciation and those that warn of classic signs of excess, intensified by investments in artificial intelligence; on the other hand, the expectation for the January jobs report, considered a key data point after weak retail sales numbers and recent signs of cooling in the labor market, is gaining weight. In this context, long-term interest rates fell, the dollar remained relatively stable, and timid bets on rate cuts later on began to emerge, although the Federal Reserve's rhetoric continues to point towards a cautious stance in the short term. The change in leadership in greater will be central.