Reported 6 months ago
Malcolm Dorson from Global X ETFs discusses the election of Mexico's first female president, Claudia Sheinbaum, and its impact on the economy. Dorson highlights the risks associated with Sheinbaum's increased power due to strong support in the Senate and lower House, warning of potential state intervention and higher spending that could lead to a higher fiscal deficit, inflation, and a weaker peso against the US dollar. This could prompt investors to shift towards quality blue-chip stocks in Mexico and focus on fundamentals rather than high beta trades in both Mexico and India.
Source: YAHOO