- Bovespa (in Br. Real) at all-time high. - Bovespa (in USD) well of 2008 highs. - Itau, the largest bank in Brazil - looking quite constructive as it breaks it's downward trend extending back to it's Jan-2020 peak. - On a relative basis, it appears that JSE banks have out-performed Brazil banks in US Dollar terms. - Possibly time for Br. banks to some catch-up? - Available on as an ADR on the NYSE. - Last close: $5.70 - See related ILF and ILF vs SPY notes.