2024-07-16 10:09:03 ET
Summary
- The likely start of interest rate cuts in America should benefit assets around the world, such as Brazil.
- Brazil's political noise is expected to decrease in the second half of 2024, benefiting investments.
- The Big Mac index points to a major devaluation of the Brazilian currency.
Investment Thesis
I recommend buying the Direxion Daily MSCI Brazil Bull 2X Shares ETF ( BRZU ). It seems certain that interest rates will begin to reduce this year in America, which has historically been a driver of investment flow to emerging countries like Brazil....
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BRZU: Signs Begin To Improve