While China, India, Russia and the Middle East have been very noticed, Brazil has been overlooked. With the discussion of the end of the dollar's hegemony, it may be a good time to look at emerging markets. Despite controversial policies, it is a country without problematic neighbors and with many natural resources. The areas and lines on the chart are support or resistance areas, with confluence in the fibonacci retracement and projection. The next few years look promising for EWZ.
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If you compare EWZ (Brazil) with EWW (Mexico) you will notice that EWZ is far behind.
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Midcaps seems the way to go in Brazil
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Lula's administration is nonsense, but Brazil is still cheap
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P/E of IBOV is around 7. P/E of IBOV excluding Petrobras (Oil) and Vale (the largest producer of iron ore and nickel in the world) is around 10. My top 3 brazilian stocks are: BEEF3, RANI3 and SOJA3.
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TTEN3, KEPL3 and VITT3 are also interesting. Agriculture is my favorite sector in Brazil.
EWZ (Brazil) is losing against ARGT in the last 15 years, despite Argentina blew up its economy. Brazilian stock market has a lot to catch up
superiorJaguar24882
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@outbreeak, Argentina is turning around. I am buying EWZ already. I think u are right on point for Brazil. I hope the people there prosper.
outbreeak
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@superiorJaguar24882, Yep, Milei is really trying to save Argentina, but I think there was some hype around it, let's see. Lula is making hard for Brasil on tax matters and legal 'security'
superiorJaguar24882
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thanks. I truly only wish the best for latin America and all countries subjected to tough times and hardships. I think milei is on to something and hopefully the people get a change.