Until we get more of an adjustment on the expectations of the U.S. markets and until we see more of a trend coming out of the United States, this is how it will continue to be (for Latin stocks).

With long-bond volatility , the dollar all over the map, and the Dow swinging from one extreme to the other based on perception of macroeconomic numbers, the question becomes how much (of) Latin equities do you want to trade in that kind of environment?

I think the market's lack of energy came from those two sectors (telecoms and media), and also what didn't help was the tone of the overall region, with Brazil being down so sharply today.