President MLE's historic victory on Sunday in Argentine elections means he has a stronger position in his Congress and another opportunity to administer his medicine seeking economic health for a country that has been struggling for a long time. Hans Humes, CEO of Greylock Capital, is a longtime investor in Argentina. >> I think the entire country understands what's what has held them back um for decades now.Um and the they're willing to take a certain amount of personal pain. Now, we have to see how this t ...

Economic Impact - Argentina's bonds, stocks, and currency experienced significant gains following President Javier Milei's party victory in the midterm elections, which is crucial for maintaining economic reforms and U.S. financial support [1][2] - International bonds rallied between 10 and 15 cents, local stocks surged over 20%, and the peso strengthened more than 10% against the dollar, marking one of the strongest trading sessions on record [1][5] Political Context - Official election results indicated strong voter support for Milei's free-market reforms and austerity measures, with inflation reportedly decreasing since his administration began nearly two years ago [2][3] - Milei's party, La Libertad Avanza, secured over 40% of the national vote, outperforming expectations and marking a significant political shift in traditionally Peronist strongholds [3][4] Market Reactions - U.S.-listed shares of Argentine companies saw substantial increases, with financial shares rising up to 50% and the Global X MSCI Argentina ETF gaining 22% after a prior decline [5] - The international dollar bonds rose 10-15 points in early trading, reversing previous weaknesses and positioning the 2038 maturity around 74 cents on the dollar [4] Future Outlook - The election results may facilitate a faster implementation of Milei's ambitious economic overhaul, which is critical for the cash-strapped and inflation-affected nation [6] - Milei's victory speech was characterized by a moderate and cooperative tone, suggesting a willingness to collaborate with non-LLA legislators to advance reforms [4][6]

Group 1: Goldman Sachs Debt Offering - Goldman Sachs has launched a $10 billion debt offering structured across five tranches, including $2.5 billion in 4-year fixed-to-floating notes at +67 basis points and $3.5 billion in 11-year fixed-to-floating notes at +92 basis points, as part of its capital management initiatives [2][7]. Group 2: Caterpillar Price Target Upgrade - JPMorgan has raised its price target for Caterpillar to $650 from $505, maintaining an "Overweight" rating, indicating a potential upside of 28.68% from the previous close [3][7]. Group 3: Netflix and Spotify Partnership - Netflix is partnering with Spotify to introduce video podcasts from Spotify Studios and The Ringer starting in early 2026, aiming to expand its content library and reach new audiences [4][7]. Group 4: Gold Prices Surge - Gold prices have reached a record high of over $4,000 per ounce, driven by global uncertainty, fears of economic fragmentation, and sustained central bank buying, as noted by Bank of England Governor Andrew Bailey [5][7]. Group 5: Argentina's Exchange Rate Reforms - Argentina is continuing its economic reforms by maintaining a floating exchange rate system for the peso within a band of 1,000 to 1,400 per US dollar, aiming to attract capital inflows and strengthen financial stability [6][8][7]. Group 6: Federal Reserve Reverse Repo Operations - The Federal Reserve's overnight reverse repurchase agreement operations declined to $3.516 billion, down from $4.124 billion earlier in the week, indicating reduced usage of the facility [9].

Westin: This is a story about short-term pain for long-term gain. Argentine President Javier Milei's strong medicine for his economy seems to be working despite the costs, but recent elections raised doubts about whether the public is willing to stay on a difficult course. - Over the weekend, President Javier Mieli was defeated in a key provincial election.- [Singing in Spanish] Westin: Milei's party lost big in the Buenos Aires provincial election, and markets reacted immediately. The peso weakened against ...