Radar PereneRadar Perene

Brazil's market is in a defensive regime.

Edition no. 6,544 · June 3, 2026 · Regime defensivo · for 3 days · reconstructed essentials

◦ 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 mood worsened for the fourth straight session. The session ended with the Perene at 39.

The Pulse
Perene Risk Indexthe market’s structural state40/100Today ▾ -7
Ânima · structuralthe market’s prevailing risk appetite5/100Today ▾ -6
how to read?
The other times split evenly.
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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 agoAugust 31, 2025
    Ibovespa that day141,125 pts
    the archive suggested+7% in 6m hist. median
    what happened in 6 months180,464 pts (+28%)
    Reread the edition of August 31, 2025 →
  2. ○Five years agoJune 2021
    Ibovespa 126,802 → 103,922 pts (-18% in 6m) · reread →
  3. ○First time in the archiveJanuary 2000
    Ibovespa 16,388 → 16,290 pts (-1% in 6m) · reread →

In 69 times the archive saw the market in a state like today’s since 2000, the Ibovespa was higher six months later 58% of the time — median +4% — not always upward. Explore the archive →

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. November 30, 2010Perene 40 · risk-on
  2. August 31, 2018Perene 40 · neutral
  3. May 31, 2005Perene 40
  4. January 31, 2005Perene 40
  5. October 31, 2012Perene 39 · risk-on
  6. December 31, 2016Perene 39 · defensive
Today’s Read

The global backdrop is moderate risk-on and the intermarket moderate risk-off.

Observed distribution, not a forecast.

  • Ibovespa: 170,331 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.

Edition no. 6,544 · Regime defensivo · for 3 days · Radar Perene

Concepts: Brazil Regime · Intermarket BR · Historical Analogs · How to read: six steps · Methodology · Track record · From the archive: essays & precedents · Every defensive stretch in the Atlas →

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