Radar PereneRadar Perene

Brazil's market is in a defensive regime.

Edition no. 5,544 · May 31, 2022 · Regime defensivo · for 31 days · reconstructed essentials

◦ Written under index methodology v1 (in effect until 15 Jul 2026). The current series is v2 — readings quoted here may differ from those shown today. See the methodology.

The day brought no relief to the mood, which stayed neutral. Today, the Perene Index closed at 91.

The Pulse
Perene Risk Indexthe market’s structural state89/100Today ▲ +50
Ânima · structuralthe market’s prevailing risk appetite60/100Today ▲ +8
how to read?

The Perene Risk Index is stretched (89) while the month regime still reads defensive.

Risk above the territory's midline.
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The Archive Remembers ◎

Other times the archive saw the market in a state like today’s — what came next.

  1. ●A year agoMay 31, 2021
    Ibovespa that day126,216 pts
    what happened in 6 months100,775 pts (-20%)
    Reread the edition of May 31, 2021 →
  2. ○Five years agoJanuary 2017
    Ibovespa 64,671 → 66,777 pts (+3% in 6m) · reread →
  3. ○First time in the archiveMay 2000
    Ibovespa 14,957 → 13,287 pts (-11% in 6m) · reread →

In 48 times the archive saw the market in a state like today’s since 2000, the Ibovespa was higher six months later 65% of the time — median +7.1% — not always upward. Explore the archive →

Editions in a similar state

Other editions the archive read in a market state close to today’s — same neighbourhood of the Perene Risk Index.

  1. June 30, 2023Perene 89 · defensive
  2. October 31, 2022Perene 88 · defensive
  3. December 31, 2023Perene 90 · neutral
  4. July 31, 2001Perene 88
  5. October 31, 2008Perene 88
  6. November 30, 2004Perene 88
Today’s Read

The global backdrop is strong risk-off and the intermarket moderate risk-on.

Observed distribution, not a forecast.

  • Ibovespa: 111,351 pts
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For the Next Edition

The next reading arrives on the next business day — the regime is monthly, and the daily pulse carries the change until month-end.

Edition no. 5,544 · Regime defensivo · for 31 days · Radar Perene

Concepts: Brazil Regime · Intermarket BR · Historical Analogs · How to read: six steps · Methodology · Track record · From the archive: essays & precedents · Every defensive stretch in the Atlas →

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