Even with election turmoil, the Mexican market has held up well and so has the exchange traded fund, iShares MSCI Mexico (EWW). The apparent victory of Felipe Calderon as Mexico’s president has given the markets a boost. Country analysts say that if Calderon’s policies take hold the peso and stocks could gain more ground. EWW is up 9.8% for the month and 4.7% for the year.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.