Radar PereneRadar Perene

Brazil's market is in a defensive regime.

Edition no. 6,599 · August 20, 2026 · Regime defensivo · for 81 days · reconstructed essentials · 2 min read

◦ Index methodology v2.2. See the methodology.

Over the session, utilities lost relative ground. The Perene Index rose to 25.

The Pulse
Perene Risk Indexthe market’s structural state25/100Today ▾ -6
Ânima · structuralthe market’s prevailing risk appetite23/100Today ▲ +1
Ânima · short-termthe market’s recent move38/100Today ▲ +1
how to read?
Risk below 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 agoJuly 31, 2025
    Ibovespa that day133,071 pts
    the archive suggested+4% in 6m hist. median
    what happened in 6 months181,364 pts (+36%)
    Reread the edition of July 31, 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 65 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 +5.4% — 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. September 30, 2003Perene 25
  2. March 31, 2019Perene 26 · neutral
  3. April 30, 2020Perene 24 · risk-on
  4. November 30, 2022Perene 26 · defensive
  5. January 31, 2014Perene 24 · neutral
  6. November 30, 2009Perene 24
Today’s Read

The global backdrop is neutral and the intermarket neutral.

Observed distribution, not a forecast.

  • Ibovespa: 167,927 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. 6,599 · Regime defensivo · for 81 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 →

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