Yesterday, the market made its opinion clear about President Javier Milei's management and the controversy surrounding the cryptocurrency $LIBRA. Investors focused on the economic situation rather than the political issues driven by opposition sectors.
The same day the New York Stock Exchange (NYSE) resumed activities after a long holiday, and when investors' reactions to the $LIBRA case were anticipated, Goldman Sachs highlighted the solidity of the fiscal adjustment of Milei's Government, while Bank of America (BofA) reaffirmed its positive outlook regarding Argentine assets.
In the Buenos Aires financial district, operators were surprised by the enormous surge of the S&P Merval (+6.1%) and told the media Ámbito that "the market perceives that the $LIBRA issue doesn't affect ordinary people, those on the street. They are the ones reaping the benefits of an improving economy."
"As Clinton rightly said: 'It's the economy, stupid!' Ultimately, what really matters is the wallet, especially when the matter is such a sophisticated issue, with implications beyond Argentina and in a world as complex as cryptocurrencies," commented a renowned operator.
