ARGT: Argentinian shares bottomed after the Primary elections
It seems Argentinian stocks have bottomed here for now, after basing for 5 weeks, daily charts show some strength but there's risk going forward after the elections by October 27th. If the next president manages to surprise investors positively, the situation here might improve, and inflation drop down if the dollar is kept in check, and investments start flowing back to the region. I'm skeptical, but risk/reward favors being long from this zone, with a stop under the 22 handle.
The main problem remains being the need for labor reform, and reducing the influence of unions, and the enormous government spending, cutting taxes, and stopping the printing press...
Let's see how it goes.
Cheers,
Ivan Labrie.
The main problem remains being the need for labor reform, and reducing the influence of unions, and the enormous government spending, cutting taxes, and stopping the printing press...
Let's see how it goes.
Cheers,
Ivan Labrie.
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ivanlabrie.substack.com/
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