Mexican stocks will continue to fare well due to the country's industrial transformation and political reforms, said Maria Pichardo, portfolio manager for the Mexican Equity & Income Fund. Pichardo added that falling oil prices will not hurt the Mexican economy too much because of the structural reforms taking place in the energy industry and rising national consumption. She said America Movil is one of her favorite stocks because it will benefit from the spin-off of its tower business. Finally, Pichardo said the Mexican economy is tied to the U.S., but it is better insulated than in years past due to direct foreign investment and government reforms.
Nasdaq Powers Past Record High Amid Bond Market Lull; Tesla Extends Gains
With investors content to buy into Fed Chairman Jerome Powell's inflation optimism, bond markets are holding steady and stocks are looking to test fresh record highs.