Group 1 - Argentine assets experienced a significant surge following President Javier Milei's party gaining strength in the midterm elections, with the MERVAL index rising by 19% and the Argentine peso increasing by 10% [1] - The victory of Milei's La Libertad Avanza party emphasizes a political focus on cutting government expenditures, which may influence future economic policies and market conditions in Argentina [1] Group 2 - MercadoLibre received a Relative Strength Rating upgrade, indicating improved technical performance, which may suggest a positive outlook for the stock [2][4] - The stock of MercadoLibre is highlighted as showing improved relative strength amidst broader market fluctuations, indicating potential resilience in its performance [4]
Argentina Elections Send Stocks, ETFs And Currency Soaring
Investors·2025-10-27 16:33