Radar PereneRadar Perene

Brazil's market is in a defensive regime.

Edition no. 6,645 · October 27, 2026 · Regime defensive · for 149 days · 2 min read

◦ Index methodology v2.2. See the methodology.

The day brought no relief to the mood, which stayed depressed. The Perene Index stopped at 1.

The Pulse
Perene Risk Indexthe market’s structural state1/100Today → 0
Ânima · structuralthe market’s prevailing risk appetite32/100Today ▲ +2
Ânima · short-termthe market’s recent move22/100Today ▾ -4
how to read?
History favored gains — without unanimity.
Advertisement
The Archive Remembers ◎

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

  1. ●Five years agoOctober 31, 2021
    Ibovespa that day105,551 pts
    the archive suggested+11% in 6m hist. median
    what happened in 6 months105,135 pts (+0%)
    Reread the edition of October 31, 2021 →
  2. ○First time in the archiveSeptember 2000
    Ibovespa 15,559 → 14,719 pts (-5% in 6m) · reread →

In 64 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 +4.5% — not always upward. Explore the archive →

What Usually Comes Next
Similar cases — what came next

calibrating

Observed distribution, not a forecast · how the analogs are built →

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. April 30, 2004Perene 1
  2. September 30, 2002Perene 0
  3. May 31, 2024Perene 0 · defensive
  4. August 31, 2023Perene 0 · defensive
  5. June 30, 2022Perene 0 · defensive
  6. October 31, 2021Perene 0 · neutral
Today’s Read

Observed distribution, not a forecast.

  • ciclicas-defensivas: calibrating
  • Ibovespa: 175,710 pts, +21.9% in 12 months
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. 6,645 · Regime defensive · for 149 days · Radar Perene

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 · 2026-10-26all editions · Observatory