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The dichotomy between fast emerging markets, like Brazil, and mature markets like the US is quite clear. We’ve looked at the growing chasm both from an economic as well as stock market point of view.
Here’s a short video outlining the strength of the Brazilian market through the Brazil iShares ETF (EWZ):
Look at the actual Brazilian stock market index, the Bovespa, shows us an even stronger picture. The Bovespa is trading at 68206 as of this week’s close. The iShares ETF is about 18% off its 2007 highs while the Bovespa is only off 7%. One of the most important characteristics of a market is relative strength. It is always profitable to keep an eye on the strongest market and the strongest sector and stock groups within that market.
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