Key figures from the financial sector stated on Wednesday that the Argentine economy is on a path with stronger foundations than in previous periods of stability. However, they also affirmed that more decisive signals are needed at all levels of government to achieve the full confidence the country requires. According to Rava Bursátil, this came as ADRs continued to fall and the country risk remained above 500 points. ADRs deepened their losses, and bonds traded with mixed performance on Wednesday, following the sharp correction recorded in the previous session, exacerbated by the difficult situation of leading companies like Bioceres, Vista, and Globant. In this scenario, dollar-denominated titles oscillated between gains and losses. A positive sign for the market is that the Central Bank (BCRA) continues to buy dollars, a condition that markets consider essential at this stage to rebuild confidence. So far this year, the BCRA has purchased over $1.250 million. However, experts warn that this seasonal demand will decrease until the dollars from the harvest begin to arrive. In this regard, one of the signals the market demands from Economy Minister Caputo is to maintain a strong pace of reserve purchases and not lose sight of the debt placements being made by provinces and companies, which allow the BCRA to strengthen its reserves. The market believes this flow will enable the BCRA to continue buying dollars until the start of the major harvest in the second quarter. In this context, the head of JP Morgan Argentina, Facundo Gómez Minujin, highlighted the decision to maintain a zero deficit and low inflation, stating that "no other president has ever done this," and therefore predicted that "I am very sure that this time it is truly different." However, other voices from Wall Street recall that Milei has been promising zero inflation since last year, but the number is not falling; on the contrary, it is rising. There are strong rumors that one of the reasons the index's publication was delayed was that the March figure would be close to 3% due to the impact of various sectors such as tariffs. Milei promised that in August, the cost of living will be 0%. "Seeing is believing," they say on Wall Street, while keeping an eye on Congress to see the progress of key projects like labor reform.
