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Brazil market regime

Edition no. 6,466 · February 6, 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's backdrop held for another session.

The Pulse
Perene Risk Indexthe market’s structural state65/100Today ▲ +1
Ânima · structuralthe market’s prevailing risk appetite56/100Today ▲ +3
how to read?
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 agoJanuary 31, 2025
    Ibovespa that day126,135 pts
    the archive suggested+5% in 6m hist. median
    what happened in 6 months133,151 pts (+6%)
    Reread the edition of January 31, 2025 →
  2. ○Five years agoApril 2021
    Ibovespa 118,894 → 103,501 pts (-13% in 6m) · reread →
  3. ○First time in the archiveAugust 2000
    Ibovespa 17,347 → 16,123 pts (-7% in 6m) · reread →

In 68 times the archive saw the market in a state like today’s since 2000, the Ibovespa was higher six months later 71% of the time — median +6.6% — 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. July 31, 2022Perene 65 · defensive
  2. April 30, 2001Perene 66
  3. October 31, 2000Perene 64
  4. January 31, 2002Perene 66
  5. August 31, 2024Perene 64 · defensive
  6. June 30, 2007Perene 66
Today’s Read

Observed distribution, not a forecast.

  • Ibovespa: 182,950 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.

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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