Brazil market regime

Edition no. 5,808 · June 21, 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 reading stays in stretched risk-on.

The Pulse

Perene Risk Indexthe market’s structural state93/100Today ▾ -3

Ânima · structuralthe market’s prevailing risk appetite51/100Today ▾ -1

how to read?

History favored gains — without unanimity.

The Archive Remembers ◎

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

●A year agoMay 31, 2022
Ibovespa that day111,351 pts
the archive suggested+0% in 6m hist. median
what happened in 6 months112,486 pts (+1%)
Reread the edition of May 31, 2022 →
○Five years agoJune 2018
Ibovespa 72,840 → 92,032 pts (+26% in 6m) · reread →
○First time in the archiveMay 2000
Ibovespa 14,957 → 13,287 pts (-11% in 6m) · reread →

In 55 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 +4.7% — 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: 120,420 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 · See every extreme like this one in the Observatory →

← previous edition · 2023-06-20all editions · Observatory2023-06-30 · next edition →