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).

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