When a major benchmark in the market falls to near-historic lows, you had better pay attention.
Brazil has the highest gross domestic product (GDP) in South America, whether measured nominally or by purchasing power parity. In effect, the Brazilian consumer is poised to buy.
The fall of European equities, as well as the recent downtrend in U.S. markets, might make you think that the bear has invaded the entire globe. Well, if you thought that, then you haven’t been looking far enough to the east.
I thought it would be fruitful to once again focus on Brazil. But this time, we will feature a smaller component of the country’s stock market: small caps.
I think what today’s GDP print tells us is that the Federal Reserve will almost certainly continue the taper of its bond-buying program.
We featured FXI, a general Chinese exchange-traded fund (ETF), a little more than a month ago, and that fund’s upward climb warrants us looking at other ETFs focused on that huge emerging market.