Can Brazil’s bull market keep building steam?

Bull market. When is the next stock market crash coming for Brazil?

With two months left to go, 2019 is already a year to remember for Brazilian investors. The country’s benchmark stock exchange index, Ibovespa, is about to stretch its bull market[1] trend for a fourth-consecutive year—potentially reaching a growth rate in double digits. Plus, the Selic benchmark interest rate has dropped to record lows, making low-risk investments less attractive and pushing operators into variable income.

The only question is: will the party last?

Judging by the horizons set in October, analysts believe the economic tailwind for financial markets has every chance of being longlasting. 

One reason for this optimism is that...

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