Argentina Investors Poised for Rally After Milei Election Win
Argentine assets are set to rally as President Javier Milei's strong showing in legislative elections beat even the most bullish of forecasts.
- Milei's party got 41 percent of the votes, winning 64 seats of the 127 up for grabs in the lower house of Congress.
- They also won 13! of the 24 open Senate posts, according to local electoral authorities.
Markets had been forecasting the governing coalition would win about 30 percent of seats.
The peso was already posting gains in the crypto market Sunday as the results were announced.
Author's summary: Argentina's assets to rally after Milei's election win.