🌵 Is it Time to Invest in Mexico’s Rising Economy?

What’s on the Menu 🍴

Sometimes the best investment ideas are the most under-appreciated.

Today we’re looking at an upcoming zone that’s attracting a BUNCH of dough!

Let’s go!

• Is it Time to Invest in Mexico’s Rising Economy? 🌵

• Where Can Bitcoin Find Support? ₿

• Top 5 Crypto Tools for Research Buffs 🛠️

Today’s newsletter is a 3 minute read.

Is it Time to Invest in
Mexico’s Rising Economy? 🌵 

Mexico is emerging as a promising landscape for investment banking, casting a new light on Latin American economies traditionally overshadowed by giants like Brazil.

As we dive into 2024, let’s unpack why Mexico is becoming a focal point for savvy investors and major banks alike:

Economic Renaissance Post-Covid

The Covid-era has unexpectedly benefited Mexico, sparking a nearshoring boom.

As companies globally reevaluate supply chains, Mexico’s proximity to the US has positioned it as a strategic base.

This shift has not only bolstered job creation but also pumped life into the local economy. The Mexican peso’s robust performance in 2023 underscores this upturn.

Banking Giants Betting on Mexico

2023 was a pivotal year for Mexico in terms of investment banking.

The nation carved out a larger share of Latin American investment banking fees, overshadowing markets like Chile and Argentina.

Giants like Bank of America, Morgan Stanley, and Goldman Sachs are not just optimistic but are actively channeling resources, anticipating a surge in mergers and equity issuances in 2024.

Real estate investment trusts and corporate bond sales have been particularly vibrant, with noteworthy participation from firms like America Movil SA and Grupo Bimbo.

Government and Financial Stability: A Double-Edged Sword

Mexico's relative debt-to-GDP advantage provides a stable backdrop for investment.

But the country's history of economic misses and underdevelopment in capital markets raises eyebrows.

The upcoming presidential elections add a layer of unpredictability, especially concerning policies around clean energy, a sector ripe for investment.

Risks and Opportunities Coexist

Despite the optimism, caution is warranted.

Mexico's journey post-NAFTA has been a tale of modest growth and missed chances. The next presidential term, particularly policies around clean energy, will be pivotal.

The development of Mexico's capital markets is also essential to sustain this growth trajectory and to continue attracting foreign investment.

Conclusion: The Time is Now for Mexico

In conclusion, Mexico stands at a crossroads.

With major banks forecasting revenue growth and an array of investment opportunities, the nation is undeniably attractive for investment banking.

Up only about 30% the past decade, Mexico’s stock market performance has been lack-luster.

But with it sitting near all-time highs, could the next decade be Mexico’s time to shine?

We think it’s a smart play to keep a close eye on investment opportunities in Mexico in 2024.

Where Can Bitcoin Find Support? ₿

Why is Bitcoin’s price down roughly 20% after the bitcoin spot ETF buzz?

Well, the primary source of selling pressure has been from the FTX estate selling their Grayscale holdings.

And now that it looks like the outflows are starting to slow, people are asking:

“Where can bitcoin find support and bounce from here?”

We like to zoom out and look at the larger price areas easily seen from the yearly, monthly, and weekly charts.

And when we look at the price zone with the most confluence of support, we see potential for a bounce in between a large area of $32k - $39k.

On the weekly chart, we see:

• All 3 major moving averages (50, 100, 200 MAs) currently around $32k and moving up

• A multi-year price magnet zone around $32k that was support and resistance since 2021

• A Fibonacci ‘sweet spot’ retracement zone (38%, 50%, and 61% pullback area)

So while the media is having a field day calling for bitcoin’s demise, we’re patiently waiting and watching to see when the tides will shift.

Oh, and did we mention…

Cramer’s bearish on bitcoin too! 😆

Top 5 Crypto Tools for Research Buffs 🛠️

In the cryptosphere, winter is not just coming; it’s here. But like the smart investor you are, you know this is the perfect time to hunker down and do your homework. Because, if history repeats itself, the next bull run could be a gold mine for those who’ve done their due diligence. So, grab your digital pickaxe; here are the top 5 tools to unearth those crypto gems:

1. Token Terminal: The Swiss Army Knife of Crypto Data Ever wondered about the daily active users or revenue of your favorite crypto projects? Token Terminal is your go-to source. This powerhouse offers a buffet of data, including active developer counts and more. It’s like having a crypto microscope to scrutinize every detail of potential investments. Dive in at: Token Terminal

2. DeFi Llama: The Crypto Zookeeper If you’re tracking user adoption or hunting for the next big DeFi project, DeFi Llama should be your safari guide. Ranking blockchains by Total Value Locked (TVL), it’s a treasure trove for spotting rising stars in the blockchain savannah. Explore at: DeFi Llama

3. Binance Research: More than Just an Exchange Binance, the titan of exchanges, also wears the hat of a crypto librarian. Their research section is a gold mine of industry reports and project summaries. It’s like having a crypto economist in your pocket. Learn more at: Binance Research

4. Token Unlocks: Your Crypto Alarm Clock Keep an eye on the token emission schedules with Token Unlocks. It alerts you to upcoming token releases and community/investor allocations. Consider it your early warning system in the crypto world. Stay informed at: Token Unlocks

5. Dune: The Community’s Crystal Ball Dune is where the pulse of the crypto community beats. It’s a dashboard haven, created by the community, for insights on everything from user behavior to fees. It’s like having a crypto spyglass to see what’s on the horizon. Discover insights at: Dune

So there you have it, fellow investors. While the crypto winter might be chilling, these tools are sure to keep your investment strategies fiery hot!

Food For Thought 🧠

"To attain financial freedom, one must be a learner, a doer, and a giver.”
- Unknown

DISCLAIMER: We are not investment advisors, and this content is for educational purposes only. We don’t offer financial, legal, or tax advice. Nothing we say is a recommendation to buy or sell any assets. Trading and investing are extremely risky, so please be careful and do your own research.