Radar PereneRadar Perene

Brazil's market is in a defensive regime.

Edition no. 6,652 · November 6, 2026 · Regime defensive · for 159 days · 2 min read

◦ Index methodology v2.2. See the methodology.

. The close took the Perene Index to 14.

The Pulse
Perene Risk Indexthe market’s structural state14/100Today ▲ +7
Ânima · structuralthe market’s prevailing risk appetite3/100Today ▾ -3
Ânima · short-termthe market’s recent move16/100Today ▲ +2
how to read?
History favored gains — without unanimity.
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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 agoNovember 2021
    Ibovespa 101,915 → 112,393 pts (+10% in 6m) · reread →
  3. ○First time in the archiveSeptember 2000
    Ibovespa 15,559 → 14,719 pts (-5% in 6m) · reread →

In 63 times the archive saw the market in a state like today’s since 2000, the Ibovespa was higher six months later 60% 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. September 30, 2014Perene 14 · neutral
  2. November 30, 2016Perene 14 · defensive
  3. February 28, 2011Perene 15 · risk-on
  4. February 28, 2010Perene 15
  5. May 31, 2018Perene 15 · neutral
  6. December 31, 2024Perene 15 · defensive
Today’s Read

Observed distribution, not a forecast.

  • ciclicas-defensivas: calibrating
  • Ibovespa: 168,498 pts, +13.3% in 12 months
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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. 6,652 · Regime defensive · for 159 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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