Brazil
Brazil: Left Turn Ahead…
Stay short Greater China assets. Stay long Japanese yen. Hold back on Brazil for now but look forward to opportunities in future.
Russia’s conflict with the West will escalate and trigger more bad news for risky assets this fall. Beyond that, stalemate looms. Latin American equities present a potential opportunity once the macro and geopolitical backdrop improve.
Implications Of Another Lula Presidency In Brazil…
Executive Summary Brazil: The Economic Rebound Will Not Last
Brazil: The Economic Rebound Will Not Last…
Executive Summary Our negative view on the summer rally is coming to fruition, with equities falling back on the negative geopolitical, macro, and monetary environment. China is easing policy ahead of its full return to autocratic government this fall. Yet the Fourth Taiwan Strait Crisis has…
Executive Summary China: GeoRisk Indicator
China: GeoRisk Indicator…
The Brazilian Central Bank: “Overkill” Mode…
Executive Summary Brazil: NPL Provisioning Cycles Explain Bank Share Prices
Brazil: NPL Provisioning Cycles Explain Bank Share Prices…
Brazil: Too Far, Too Fast…