Mexico is on the rise.
Just look at the chart below. As you can see, Mexico surpassed China and Canada to become the top US trading partner earlier this year.
US-Mexico trade reached $234 billion in the first four months of the year. This is no fluke. Mexico now has the second-cheapest labor costs in the world, right behind India. (China is number seven.)
Mexico’s cheap labor pool and its proximity to the US are driving the country’s manufacturing boom. This is just one piece of a multi-industry investing megatrend I’m tracking with the Mauldin Economics Macro Team.
Today, we’re unpacking this unstoppable megatrend in a special video edition of Global Macro Update.
In the video, you will hear:
Why this megatrend is critical to US national security
How the federal government is backing this megatrend with $900 billion-plus
Where we see investable opportunities in this megatrend—including three specific companies on the Macro Team’s Watchlist
You can watch this special edition of Global Macro Update on YouTube by clicking the image below.
Thank you for joining me this week for Global Macro Update. Please send me your comments by replying to this email or reach out to me on X (formerly Twitter) @EdDAgostino.
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