Will Argentina’s impending debt crisis prove fatal for the country’s economy and financial market?
The jury is still out but the likely answer is “no.”
Consider the evidence of the Buenos Aires Stock Exchange Merval Index. Argentina’s stock market is still flying high after an extraordinary rally since February. The Global X FTSE Argentina 20 ETF (ARGT), another reflection of Argentina’s stock market, made a new 52-week high as recently as a week ago.