Brazil market regime
Edition no. 496 · January 2, 2025 · reconstructed essentials
The Perene Risk Index moved at a defensive extreme, now at 0. The picture stays at a defensive extreme.
Other times the archive saw the market in a state like today’s — what came next.
- ●A year agoOctober 31, 2023Ibovespa that day113,144 ptsthe archive suggested+6% in 6m hist. medianwhat happened in 6 months129,210 pts (+14%)Reread the edition of October 31, 2023 →
- ○Five years agoFebruary 2020Ibovespa 106,625 → 99,369 pts (-7% in 6m) · reread →
- ○First time in the archiveSeptember 2000Ibovespa 15,559 → 14,719 pts (-5% in 6m) · reread →
In 58 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 +4.2% — not always upward. Explore the archive →
Other editions the archive read in a market state close to today’s — same neighbourhood of the Perene Risk Index.
Observed distribution, not a forecast.
- Ibovespa: 120,125 pts
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 · Track record · From the archive: essays & precedents · See every extreme like this one in the Atlas →
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