The green shoots of economic spring are appearing once again. – Norman Lamont
I appeared recently on Real Vision and spoke about how risk-on sentiment (whenever it appears) invariably seems to be concentrated in only a handful of pockets within the broad market, while some promising avenues such as emerging markets stay generally neglected. Brazil is one of those emerging markets that has not received a great deal of love in the recent past. As highlighted in The Lead-Lag Report, the country’s benchmark index - the Bovespa (IBOV), was the worst-performing major global