🇧🇷 Brazilian stocks were up 14% yesterday. 🇧🇷
Brazil was the world’s 2nd cheapest stock market at the end of Q3. The media assumes the performance is due to the election results, but really, when a stock market is trading at rock bottom valuations it’s like a bunch of dry kindling just waiting for a spark. (The same is true for expensive markets and stocks; see NKE)
In addition to being cheap, their stock market is hated, has gone nowhere for 18 years, and now in an uptrend knocking on all time highs…
Often it’s not even good news, rather just going from awful to less awful… Quarterly valuation updates are being sent out to @TheIdeaFarm this week…
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www.TheIdeaFarm.com
