The start of the year was not good for the S&P Merval: The share index had a 14% drop in dollars from its historical maximums. In the Buenos Aires Stock Exchange, it dropped 3.5% in pesos this Friday to 2,416,381.75 units, while measured in dollars sank 3.7% to 2,009.93 points, minimum since last December 4 (2,009 , 70).
In this scenario, a report by the office consultant Investment analyzed the landscape of regional markets and highlighted a series of keys that could firing the S&P again.
The keys to the bouncing of the S&P Merval
The consultant’s report points out five conditions main that They can help the region markets have a great performance And they shoot. In addition, in their analysis they detail that they “would be fulfilling.”
“Today, they seem to be aligning. And this could be causing some rotation in global portfolios, justifying the high valuation of the US stock exchange as the rest of the world,” they detail from the consultant.
Dxy down
One of the first conditions that the report stands out is index that captures the evolution of the dollar against them Main currencies of the planet. In this sense, the analysis highlights that “by the hand of the appreciation of the YEN and its rise in rates, and the non -application of generalized rates, the dollar index depreciates.”
Global activity
In another of its sections, the Delphos Investment report indicates that the “Global PMI continues to accelerate“. In this sense, the consultant explains that the United States is maintained, while the rest of the world (in particular Asia) It gets optimistic.
Raw materials
The report highlights a current growth scenario. In this sense, it points to the relevance that future raw materials can have and their consequent demand.
This, they detail, will increase its price in the different markets. This is a favorable fact for countries such as Argentina Due to its historical role of exporter of Commodities.
Short rates
“Today the market puts prices less than two casualties by the Fed (The last Dot Plot was 2 casualties, with the uncertainty that the activity did not loosen and that inflation for now not yielded), “they said.
Long rates
In this last point, from thephos investment they analyze what they meant point out that “by the hand of a more moderate Trump than expected, as well as the sayings of Scott Besent, the secretary of the US Treasury, of not making greater long -term emissions, They begin to have a Whiter route“
Source: Ambito
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