According to Barron’s, AMLO’s antimarket initiatives are unlikely to ever muster the legislative support they’d need to take effect. So, investors are convinced that the Mexican economy will remain stable.
You might think that markets would freak out over a big political win for a Mexican president who reviles corporations and champions state monopolies. They didn’t.
Andrés Manuel López Obrador’s Morena party took four of six governor’s races on June 5, making it the strong favorite to capture the presidency again in 2024. “It’s very difficult to see anyone beating a Morena candidate,” says Duncan Wood, senior adviser to the Wilson Center’s Mexico Institute. AMLO, as the current leader is known, is constitutionally limited… ’
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Source: Barron’s
