🇦🇷 Javier Milei's La Libertad Avanza party won 40.7% in Sunday's election, securing stronger legislative representation with which to pursue Milei's program, and highlighting the wisdom of his opponents in holding their local elections ahead of these (to avoid a wider participation).

LA has increased its deputies from 37 to 101 and senators from 6 to 20. Bitter opponents who had no reservations about fraternizing with China to boost their electoral standing (including allowing the overfishing of Argentine waters) are complaining about Bessent's swap line.

Interestingly, lots of U.S. critics of D.C.'s asinine foreign policy are complaining, despite many of them insisting America should be competing with China as China competes, with handouts, development, and the like.

Very interesting...more Argentina content:
• Milei's Argentina leads LatAm growth forecasts [8/19]
• LatAm geopolitical loyalties [7/23]
• The plummeting inflation rates [7/14]
• The plummeting child poverty rates [7/14]
• Argentina's inflation miracle [5/13]

🗳 CHART WATCH 🗳

🇺🇸 The Biotechnology ETF is up 15.67% against $SPY since this post. $XBI is up 23.51% generally over the period.

It broke out of its range a month ago and will likely continue outperforming for a bit as the healthcare sector swings into gear.

📈 CHART WATCH 📈