Following Peronism's triumph in Buenos Aires, Argentine stocks collapse and the dollar rises.
The Liberty Advance lost by over 13 points in Buenos Aires legislative elections, strengthening Peronism in the province, causing market instability. The dollar rose nearly 7%, stocks fell up to 20%, and bonds, 9%. "The Government fared much worse than I thought. What the market reads with this result is that Kirchnerism is still alive and terrifies investors, because it is a movement that aspires to the nationalization of companies, price controls and fiscal deficit," said Iván Carrino, economist, on Heads or Tails. "The problem for the future is how you pay the International Monetary Fund, how are you going to convince investors that you are going to pay the debts, especially because you have people who already said at the polls that they do not want more adjustment," he added. On the other hand, Sebastian Pascual, provincial deputy in the province of Buenos Aires for The Liberty Advance (LLA), maintained that the defeat "was a blow and we did not expect it to be so great" and called for self-criticism: "We are all responsible, we are in the same boat, internally we must know what was done well and what was done wrong," he emphasized. "The president has already said that he is not going to change anything about the economic course. In 2023 a line was chosen and it will not be changed," he concluded. Robert Kennedy Jr. appeared before the US Congress for his anti-vaccine policy. The Secretary of Health and Human Services of the United States faced Democratic senators in a harsh interrogation in the Senate Finance Committee, where he was repeatedly accused of undermining confidence in vaccines and causing a crisis within federal agencies. "Kennedy Jr. decided to oppose in such a way that a disastrous effect on the collective health of the American people is feared. Many decades ago it was certified that vaccines save lives. Now there will be no such certainty, because they want the will to be in the hands of citizens," said Juan José Gutierrez, political analyst from the US, on Heads or Tails.
Original title: Tras el triunfo del peronismo en Buenos Aires, las acciones argentinas se derrumban y el dólar sube
Original description: La Libertad Avanza perdió por más de 13 puntos en las legislativas bonaerenses, fortaleciendo al pe…