Radar PereneRadar Perene

Brazil's market is in a defensive regime.

Edition no. 6,598 · August 19, 2026 · Regime defensivo · for 80 days · reconstructed essentials · 2 min read

◦ Index methodology v2.2. See the methodology.

After several flat days, the day registered movement. The index reads 31 — neutral territory. In the sector distribution, utilities lost relative ground.

The Pulse
Perene Risk Indexthe market’s structural state31/100Today ▲ +12
Ânima · structuralthe market’s prevailing risk appetite22/100Today ▲ +1
Ânima · short-termthe market’s recent move37/100Today ▲ +4
how to read?
Risk below 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 agoSeptember 30, 2025
    Ibovespa that day146,237 pts
    the archive suggested+8% in 6m hist. median
    what happened in 6 months188,162 pts (+29%)
    Reread the edition of September 30, 2025 →
  2. ○Five years agoAugust 2021
    Ibovespa 118,781 → 111,593 pts (-6% in 6m) · reread →
  3. ○First time in the archiveJanuary 2000
    Ibovespa 16,388 → 16,290 pts (-1% in 6m) · reread →

In 67 times the archive saw the market in a state like today’s since 2000, the Ibovespa was higher six months later 63% of the time — median +4.4% — 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, 2012Perene 31 · risk-on
  2. February 28, 2025Perene 31 · defensive
  3. July 31, 2003Perene 31
  4. June 30, 2021Perene 31 · risk-on
  5. December 31, 2009Perene 30
  6. February 28, 2014Perene 32 · neutral
Today’s Read

The global backdrop is neutral and the intermarket neutral.

Observed distribution, not a forecast.

  • Ibovespa: 167,830 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.

Edition no. 6,598 · Regime defensivo · for 80 days · Radar Perene

Concepts: Brazil Regime · Intermarket BR · Historical Analogs · How to read: six steps · Methodology · Research & Laboratory ·Track record · Every defensive stretch in the Observatory →

← previous edition · 2026-08-18all editions · Observatory2026-08-20 · next edition →