In February, the Argentine financial market experienced significant distress as the dollar decreased by $35. Amidst rising international volatility, the country's risk spread increased by 16%, leading to a substantial drop in stock prices, with some shares falling as much as 28% in hard currency. The Merval index also fell by 15%, showcasing a bearish trend in the market over the month despite recent rebounds in official and financial exchange rates. While the dollar experienced a downturn, the financial market's sentiment was overshadowed by fears of rising country risk, which consolidated above 550 basis points. This move reflected a growing concern among investors about Argentina's economic stability, especially as global market conditions became more unpredictable. The decline in share prices indicates a broader lack of confidence in the Argentine economy's resilience in the face of these challenges. Interestingly, the currency exchange market displayed a contrasting trend, with an increased supply of foreign currency allowing both the official and financial dollars to close lower at the end of the month. For instance, the official retail dollar was priced at $1430 at Banco Nación, marking an increase of only $5 from the previous close. Despite this small increment, the overall trend points to a complex financial landscape where the bearish sentiment in stocks and rising country risk create uncertainty for investors moving forward.