Good morning. Political volatility is the new normal in Brazil. Bolsonaro heads to Israel with a pickle. Brazilians lose faith in the economy. Brazil’s Navy chooses Embraer.
Volatility is the new normal in Brazil
After a horrendous Wednesday, Brazilian assets
made a recovery yesterday—following an apparent truce between President Jair Bolsonaro and House Speaker Rodrigo Maia. But investors should keep their seat belts fastened, as the markets are reacting more abruptly to the news coming from Brasília (positively or negatively), and the appetite for risk seen over the first quarter is unlikely to be repeated in the upcoming...
