Brazil market regime

Edition no. 5,716 · February 3, 2023 · reconstructed essentials · 2 min read

◦ 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 market returned to an extreme, now defensive territory. The Perene Index stopped at 25.

The Pulse

Perene Risk Indexthe market’s structural state25/100Today ▾ -18

Ânima · structuralthe market’s prevailing risk appetite33/100Today ▾ -35

how to read?

The Archive Remembers ◎

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

●Five years agoMarch 31, 2018
Ibovespa that day84,666 pts
the archive suggested+30% in 6m hist. median
what happened in 6 months78,624 pts (-7%)
Reread the edition of March 31, 2018 →
○First time in the archiveJanuary 2000
Ibovespa 16,388 → 16,290 pts (-1% in 6m) · reread →

In 57 times the archive saw the market in a state like today’s since 2000, the Ibovespa was higher six months later 60% of the time — median +2% — not always upward. Explore the archive →

Gravitational neighbors — days that behave like this one, from any era

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.

Today’s Read

Observed distribution, not a forecast.

Ibovespa: 108,490 pts

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.

Concepts: Brazil Regime · Intermarket BR · Historical Analogs · How to read: six steps · Methodology · Research & Laboratory ·Track record · Browse the archive by phenomenon in the Observatory →

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