From Todd Schriber: Over the past week, the MSCI Mexico IMI 25/50 Index is stumbling and what is left of the index’s 2019 gains is less than half the year-to-date returns of the MSCI Emerging Markets Index.
From Tyler Durden: In a joint statement by U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland, the new trilateral trade deal will be known as U.S. Mexico Canada Agreement, or USMCA. The new trade agreement with Mexico means “freer markets, fairer trade and robust economic growth.”
From Franklin Templeton Investments: Markets had largely expected Andrés Manuel López Obrador to emerge victorious in Mexico’s presidential election on July 1, but only now are the longer-term implications of the new political mandate beginning to take shape as he awaits inauguration on December 1.
From BlackRock: Anti-establishment candidate Andrés Manuel López Obrador (AMLO) has won the Mexican election. Isabelle Mateos y Lago and Axel Christensen share our key views on the win, including the implications for investors
From Michael Snyder: Andrés Manuel López Obrador (otherwise known as “AMLO”) is about to become the next president of Mexico.
From Franklin Templeton Investments: With US-led trade skirmishes opening up on multiple fronts, it’s natural to wonder if the North American Free Trade Agreement (NAFTA) is in jeopardy. Here, Franklin Templeton Multi-Asset Solutions’ Stephen Lingard explains why he thinks NAFTA is not likely to be canceled–at least not outright.
From Tyler Durden: Having gone nowhere for the past year of Nafta negotiations, the Trump administration is said to be pushing for the U.S., Canada and Mexico to reach a Nafta deal in principle to be announced at the Summit of the Americas in Peru on April 13-14, Bloomberg reported citing three people familiar.
From Zacks: The Canadian dollar and Mexican peso slid and stocks traded lower, as two Canadian government officials said that they expect President Donald Trump to soon announce that the United States intends to pull out of NAFTA. Even Wall Street traded lower on the said concerns.
Many investors were worried when President Trump took office that it would spell the end of Nafta as we know it — and that along with it would come poor performance for America’s closest neighbors.
From Sean Brodrick: There is a crisis brewing at our borders. But if you think this is a story about immigration, or President Trump’s wall, it’s not. The crisis is in trade. And if you think that’s not going to affect you, think again.
From JR Crooks: Mexicans working on a small tomato farm in Southwest Florida can’t compete with Mexicans working on tomato farms in Mexico.
From Tyler Durden: While much of Trump’s Sunday tweets have focused on the government response to the devastation resulting from the historic Texas and Houston flooding as Tropical Storm Harvey is expected to unleash as much as 40 inches of rain, the US president managed to sneak in a few threats to his North American neighbors.
The bearish sentiment surrounding the iShares MSCI Mexico Capped ETF (NYSE:EWW) has gotten too overheated, according to a reliable options indicator, and the fund might due for a big rally in the short term.
There was considerable focus on Mexico after President Trump’s election last November and the largest ETF that tracks the country’s equity market, EWW (iShares MSCI Mexico Capped, Expense Ratio 0.49%, $1.3 billion in AUM) was initially pummeled for several months before recovering at the beginning of March this year.
From Dana Lyons: Despite the nation being targeted, trade-wise, by the new administration, the Mexican stock market is technically set up favorably.