Market Musings – 10.31.2025

Notes From the Road – Argentina Edition (Part Two): Meetings with Public Companies

Argentina’s midterm elections delivered a stronger-than-expected victory for President Javier Milei’s coalition, significantly expanding its congressional representation and reinforcing the path for labor and tax reforms. This second installment focuses on the financial and industrial sectors, drawing from our meetings with Grupo Financiero Galicia, Banco Macro, and Ternium, where improving economic stability, rising financial inclusion, and disciplined capital structures point to renewed growth potential across Argentina’s equity landscape.

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