Brazilian stocks have been hit harder than other markets in Latin America, save for the obvious fallout in Argentina.
Sentiment on the Brazilian economy has gone through the floor, but good global traders know that crowds pushing for the exits create big opportunities.
Brazil’s policy of weakening its currency to make exports more competitive has worked – maybe too well.
American markets tumbled on the back of disappointing jobs data, a gloomy growth outlook, and nervousness going into European elections this weekend.
As first quarter data starts to come in on corporate profits and economies, investors may want to reevaluate their positions within emerging markets.