Navigating The Brazilian Macroeconomic Environment
Summary The Brazilian economy is in a position to improve significantly and should be a part of your emerging market sub-asset class. In 2019, both the Monetary Policy and the Fiscal Policy are expected to be expansionary. The stock market should see returns of around 20% in 2019. Intro: In my opinion, the Brazilian stock market will experience double-digit growth in 2019 as a result of favorable economic conditions presented in this report, and for this reason, I have a long-term buy recommendation for iShares MSCI Brazil Capped ETF ( EWZ ) and Direxion Daily Brazil Bull 3x Shares ETF ( BRZU ). Please click here to continue reading this article at Seeking Alpha.