Doing Business in Cancun, Mexico

Many people from all over the world come to Cancun and the Riviera Maya in search of business opportunities. It is easy to be dazzled by the splendor of sprawling luxury resorts and white sand beaches that stretch for mile upon mile down the coast, but anyone coming here to prospect for business needs to look beyond this, and at the same time see it for what it really is. The Mexican Caribbean is a tremendous tourism draw and is in the first place in all of Latin America for foreign visitors each year, which translates into billions of Dollars being generated, both in tourist spending and tourism infrastructure, such as hotels and real estate developments, as well as the consumption of goods and services of a city of nearly 1 million inhabitants.The reality here, is that all business is ultimately dependent upon the stream of tourism; there is no manufacturing of any kind nor are any products made, other than some negligible amount of handicrafts. Cancun and the Riviera Maya are voracious consumers of goods and services, but do not generate a product outside of being a major tourist destination with attractive and varied real estate offers. To illustrate this point, there is an ocean container ship that arrives each Thursday in Puerto Morelos (10 miles south of Cancun) loaded with full containers of goods coming from Miami, but it always leaves empty, or nearly so. There is a lot coming in, but virtually nothing being shipped out.Anyone casting an eye on the area for business, needs to know that there are really two main areas that have enduring potential: Tourism/Entertainment and Real Estate and its ancillary services. Once this is clear, then there are many attractive opportunities at hand, and fortunes to be made. Naturally, being a city of nearly a million people, there are also business opportunities in everything from retail commerce to providing any combination of goods and services to the local population. Cancun has good communication infrastructure and is a powerful brand recognized throughout the world. While learning to do business in Mexico can be challenging, there are also many rewards to be reaped for those with intelligence and perseverance.Living on the beach year round may also be a great reason to move here and grow your business. If you are ready to test the waters, an excellent option for short term affordable housing with available business services in the same building is Art Deco Suites. Having a safe and clean place to base yourself while you get your bearings in a new environment is key. Art Deco Suites provides tastefully appointed and completely furnished Suites right in the heart of downtown Cancun and include free wireless broad band internet access, unlimited calling to the US and Canada, as well as a large conference room, and short term furnished office space and bilingual secretarial services by the day.

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.
Advertisement

Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.

Independence From Payday Loans is Easier Than You Think

Upon getting information about an upcoming school science fair and the need to consider a topic of interest, many students will typically have no idea where to get started. While the science fair is typically a common occurrence in any school at any grade level, there are different types of topics that should be taken a look at depending on the age of the student. After first taking a look at the many different categories of science projects, you will be able to locate a suitable choice of topic to take to the next level.There is a wide variety of categories that fall under the types of science projects that can be chosen for a school science fair. These include biology, chemistry, physics, microbiology, biochemistry, medicine, environmental, mathematics, engineering, and earth science. While you may not have yet learned very much in any of these categories, don’t be afraid to see what each one entails. Taking a good look at your interests will allow you to focus on the right direction to take.Many resources are also available for those who are unsure as to the topic they are wanting to use to create their science projects. If you take a look at the topics that fall under the biology category, you will likely notice that there are topics that deal with plants, animals, and humans. For those who are in 2nd grade or 3rd grade, an interesting topic may be to determine if ants are picky over what type of food they eat. While this topic might not be of interest to an 8th grader, it is certainly something in the biology category that an elementary school student would enjoy.Along with the biology category, a high school student may want to take a look at diffusion and osmosis in animal cells as this would be a more appropriate topic for the grade level. A student in 6th grade would be more advanced than an elementary school student, but not as advanced as a high school student. At this middle school grade level, a topic of how pH levels effect the lifespan of a tadpole may be of interest.Whichever resource is used to locate a topic for science projects, it is always a good idea to consider the grade level of the student prior to making a selection. It is always assumed to be best to have a project at an appropriate level in order to keep the attention of the student and provide a fun and enjoyable learning experience.