“From minute zero, the ruling party behaved as if it had a broad majority in both chambers. This was compounded by a level of parliamentary inexperien
“From minute zero, the ruling party behaved as if it had a broad majority in both chambers. This was compounded by a level of parliamentary inexperience that no one with gray hair in Congress remembers,” said one of the Legislators.
However, it’s important to note that until January, the Argentine market thrived as one of the best-performing in recent months.
Stocks and bond prices had incredible performances from November to January under President Milei’s promised reforms, driven by anticipated sweeping changes and apparent popular backing. ETFs like Global X MSCI Argentina (ARGT) increased by 40%, while individual stocks like YPF, GGAL, and CEPU surged by 90%, 110%, and 77% respectively, among others.
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