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Druckenmiller says he bought five Argentinian stocks, praises Javier Milei's policies

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The billionaire investor said Argentina's new president is 'the only free market leader in the world.'

Billionaire investor Stanley Druckenmiller said Tuesday that he has been finding ways to invest in Argentina as the country has shifted to a more capitalistic approach after last year's presidential change. Druckenmiller said on CNBC's " Squawk Box " that he has been impressed with the country's new president, Javier Milei, a self-described "anarcho-capitalist" who was previously an economist and radio host.

mountain The Global X MSCI Argentina ETF rose on Tuesday morning. Some traders may have decided to follow Druckenmiller's lead on Tuesday. The Global X MSCI Argentina ETF , which includes many of the stocks listed above, rose more than 1% in premarket trading Tuesday.

 

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Argentinians “needier and needier” after over 100 days of Javier MileiInternationally, analysts say Argentina's foreign policy is starting to shift, while domestically, President Milei is pushing to open up the economy and says it will eventually bear fruit, but many say they are feeling the squeeze.
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