Latin American equities' sell-off looks overdone as long as the underlying businesses keep growing and fundamentals remain intact. Under that condition, the drop is market noise, and MercadoLibre and Nu Holdings could offer attractive opportunities amid the panic. x.com 

Excellent management makes dLocal, MercadoLibre and Nu Holdings three great companies to pick up at a discount after the Lula-election selloff. Their Brazil exposure sent them down 9%, 9% and 22% on claims that the investment climate had worsened, a claim worth questioning. x.com 

South American political unpredictability keeps investors from rewarding MercadoLibre's excellent fundamentals. Today's selloff illustrates that risk, despite the strength of the business. x.com  x.com 

Colombia's election of a pro-business candidate could be a tailwind for fintech and e-commerce and for lower rates, which is bullish for dLocal, Nu Holdings, MercadoLibre and StoneCo if the new administration follows through on a more market-friendly agenda. Nubank is already expanding across Colombia and Mexico; its revenue grew from $2.2B to $3.7B in five quarters while operating expenses stayed roughly flat near $650M, showing operating leverage. x.com 

MercadoLibre's business results should begin inflecting as credit portfolio growth slows now that the book has reached scale. An excellent outcome in Brazil improves the economic backdrop, and the stock sat at the technical bottom of its consolidation wedge. The economic backdrop, forward results and technicals all look very bullish. x.com  x.com 

MercadoLibre falls into the disliked software sector despite being a big platform with fintech, and there are many hungry Latin Americans who want to use AI to build software too. x.com 

Latin America may naturally lean center-right, with decades of leftist misery possibly driven by USAID, which is bullish for international equities. @Sam_Badawi notes Colombia just elected a pro-business candidate, a potential tailwind for fintech, e-commerce and lower rates if the new administration follows through. x.com 

Emerging-market equities, especially China and Latin America, are early in a multi-year rotation away from the US, with better macro, faster earnings growth and cheaper valuations. The US is taking on EM traits, including strikes amid nuclear talks, attacks on Fed independence and big deficits, yet keeps a premium. EM earnings may grow 21%-29% versus 13%-14% in the US, Brazil trades near 9x CAPE, and US institutions barely own China. The Hormuz-fueled commodity super-cycle adds to it. x.com 

Ecopetrol is burdened by bad management, government-set gas prices, a CEO under investigation and workers wanting to strike. A small short also hedges against the risk of a Cepeda win in Colombia's presidential election, which has turned into a nail-biter. x.com  x.com 

Brazilian equities look uninvestable as the political shift toward socialism threatens to make an already poor inflation-adjusted long-term bet worse. The Brazil ETF's sharp decline after the political outcome illustrates the concern, though individual winners remain possible. x.com  x.com  x.com