Radar PereneRadar Perene

Brazil market regime

Edition no. 6,458 · January 27, 2026 · 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 appetite extreme. The Perene Index settled at 90 by day's end.

The Pulse
Perene Risk Indexthe market’s structural state90/100Today ▲ +3
Ânima · structuralthe market’s prevailing risk appetite71/100Today → 0
how to read?
Risk above the territory's midline.
Advertisement
The Archive Remembers ◎

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

  1. ●A year agoApril 30, 2025
    Ibovespa that day135,067 pts
    the archive suggested+1% in 6m hist. median
    what happened in 6 months146,969 pts (+9%)
    Reread the edition of April 30, 2025 →
  2. ○Five years agoDecember 2020
    Ibovespa 118,558 → 127,019 pts (+7% in 6m) · reread →
  3. ○First time in the archiveMay 2000
    Ibovespa 14,957 → 13,287 pts (-11% 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 65% of the time — median +5.5% — 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.

  1. December 31, 2023Perene 90 · neutral
  2. December 31, 2014Perene 90 · neutral
  3. June 30, 2023Perene 89 · defensive
  4. April 30, 2025Perene 91 · defensive
  5. July 31, 2016Perene 91 · neutral
  6. May 31, 2022Perene 89 · defensive
Today’s Read

Observed distribution, not a forecast.

  • Ibovespa: 181,919 pts
Advertisement
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 · 2026-01-26all editions · Observatory2026-01-28 · next edition →