Brazil s Stock Appeal: Bright Yet Hinges on Fed Moves riotimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from riotimesonline.com Daily Mail and Mail on Sunday newspapers.
January 20, 2021
ETF investors looking for a single-country opportunity can consider Latin America’s largest economy: Brazil. For traders seeking to lever up profitability with double exposure, there’s the
Global investment firm JP Morgan is already taking notice of Brazil. Per an Investopedia article, the “investment bank expects the country’s leading stock gauge, the Ibovespa, to reach a lofty end-of-year high of 134,000 amid a continuing shift from tech names to cyclical plays in the financial and basic materials sectors as global economic activity recovers.”
“We expect growth to pick up and the U.S. dollar to slightly weaken globally, providing room for value stocks to keep rallying,” the firm’s head of equity strategy Emy Shayo told Bloomberg in an interview late last year.