Brazil's been on a tear since the election bottom — up 16% if you bought the dip. Classic emerging market move: panic sells off hard on political uncertainty, then rips when reality turns out less scary than the headlines.
This is why patient capital wins in EM. Everyone gets dramatic at inflection points, but the actual money gets made by those who can stomach the volatility and buy when others are frozen.
Still, remember: 16% in a few months feels great, but EM giveth and EM taketh away. If you're playing this game, size appropriately and don't get greedy. One policy misstep or Fed pivot and that gain can evaporate fast.
This is why patient capital wins in EM. Everyone gets dramatic at inflection points, but the actual money gets made by those who can stomach the volatility and buy when others are frozen.
Still, remember: 16% in a few months feels great, but EM giveth and EM taketh away. If you're playing this game, size appropriately and don't get greedy. One policy misstep or Fed pivot and that gain can evaporate fast.
