Radar PereneRadar Perene

Brazil's market is in a defensive regime.

Edition no. 6,654 · November 10, 2026 · Regime defensive · for 163 days · 2 min read

◦ Index methodology v2.2. See the methodology.

Over the session, . The Perene Index stopped at 23.

The Pulse
Perene Risk Indexthe market’s structural state23/100Today ▾ -2
Ânima · structuralthe market’s prevailing risk appetite6/100Today → 0
Ânima · short-termthe market’s recent move24/100Today ▲ +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 agoSeptember 2021
    Ibovespa 110,979 → 118,885 pts (+7% in 6m) · reread →
  3. ○First time in the archiveMarch 2001
    Ibovespa 13,981 → 10,233 pts (-27% 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 60% of the time — median +5.4% — 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. December 31, 2007Perene 23
  2. September 30, 2001Perene 23
  3. November 30, 2024Perene 23 · defensive
  4. July 31, 2014Perene 24 · defensive
  5. November 30, 2009Perene 24
  6. January 31, 2014Perene 24 · neutral
Today’s Read

Observed distribution, not a forecast.

  • ciclicas-defensivas: calibrating
  • Ibovespa: 171,337 pts, +13.9% 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. 6,654 · Regime defensive · for 163 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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