Mexican stocks are on fire this year. Here's what's driving the gains

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Mexican stocks are on fire this year. Here's what's driving the gains
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The Mexico S&P/BMV IPC, the country's domestic stock index, is up 8.9% in 2023, outperforming the S&P 500's 0.6% gain.

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Closer supply chains to the U.S. are giving Mexican stocks a big boost to start the year. The Mexico S & P/BMV IPC , the country's domestic stock index, is up 8.9% in 2023, outperforming the S & P 500 's 0.6% gain. The iShares MSCI Mexico ETF , which is made up of Mexican stocks, is performing even better — up 15.2%.

mountain The airport company's U.S.-listed shares' performance this year "The 1st wave of Nearshoring was export led and driven by the pandemic and supply chain challenges; electronics played a key role. The next wave is investment driven, in our view, and led by the auto and capital goods industries," Lipmann wrote in a note recently. Mexico can be a best-of-both-worlds solution for U.S.

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cartels investing (laundering) thier profits?

Cartels have an open border and own Mexico in total?!

OK bullish

Hint no. 1, the elves

lucu....aku mau dipecat mereka....

what drives gains? 🤔hm.. money?

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