Brazil: One of the Top Performing Stock Market So Far This Year

Brazil is the top performing market in the world so far this year. The Bovespa has shot up by 41% year-to-date, The Olympics and more importantly the ousting of the Dilma Roussef government a while ago by a more pro-growth conservative administration made foreign investors turn their attention to Brazilian equities again. Bovespa year-to-date return chart: Click to …

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One Structural Flaw in the Brazilian Growth Story

The Brazilian economy and equity markets have been on a downward trend for the past few years. The benchmark Bovepa index is down 9.5% year-to-date. Ever since the Global Financial Crisis of 2008-09 Brazilian stocks continue to be poor performers. This is in sharp contrast to views held until a few years ago when the …

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