Weekly Equity Outlook – October 13-17, 2025

Weekly Equity Outlook

• The S&P 500 closed the week lower, amid new announcements of trade restrictions. However, the upward trend remains driven by significant CAPEX from technology companies and solid earnings growth expectations for 3Q25. In particular, earnings reports from major US banks, exceeding expectations, are expected to provide renewed impetus to the financial sector and allow for a measurement of the performance of the consumer, investment, and insurance sales portfolios in the US.

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| Hector Wilson Tovar Garcia: Research Manager – wtovar@accivalores.com

| Maria Alejandra Martinez Botero: Research Director – maria.martinez@accivalores.com

| Laura Sophia Fajardo Rojas: IE Analyst - Laura Fajardo@accivalores.com

| Hugo Camilo Beltran Gomez: IE Analyst – hugo.beltran@accivalores.com

| Maria Lorena Moreno: IE Analyst - Maria Moreno@accivalores.com

| Sara Sofia Guzmán Suárez: Intern – sara.guzman@accivalores.com