The Mexican stock market opened today. Without the absorption of capital by the US stock market, our local stock market experienced a rebound. Currently, the IPC index rose to 50,063 points, perfectly coinciding with the previous analysis about an adjustment movement around 50,000 points.
At the same time, the exchange rate continues to show a depreciation of the peso. During the day, the USD/MXN rose by 0.07%, reaching 20.45.
This further confirms a fact: one of the main reasons why the local market is not rising is the constant flow of capital from Mexico to the US
In fact, this process has a participation, to a greater or lesser extent, of each of us. Currently, we are transferring our resources from peso assets to USDT to invest in cryptocurrencies.
The earlier we participate in this process, the greater our profits will be. But those who join later will end up contributing to sales during the depreciation of the peso, becoming a force that continues to drive the market.