Eventually, the market should resume its upward trend. |
Everyone's expecting a big rally at the beginning of next year and nobody wants to be left out. |
If the debt upgrade happens, it will likely benefit banking issues the most. |
Next week we'll have a soft start since U.S. markets will be closed Monday and trading is likely to show very thin. |
People wanted to adjust the value of the peso and the stock market took it well. |
The Dow bottomed when it lost some 90 points and we tracked it. It's difficult to decouple from its trend and besides we already knew we would take a breather. |
The market is already pricing in that (the debt upgrade) is coming. That improves the country's (economic) perspective. |
The market is being affected somewhat by the volatility and expectations surrounding the exchange rate. |
The market's performance was partly in response to disenchantment over the budget. Let's say the growth target is in no way encouraging, although it is positive. |
There are no major events foreseeable in the coming days to change the trend. We're expecting sideways markets with a little less volatility. |
Today there was a lot more diversity in the buying. |
What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price. |