Brazil's worst days have been followed by a 38% median gain a year later
Forward returns after the 9 earlier days in EWZ's 10 worst single-day drops since 2000 (ranked with Monday's close), mean and median by horizon
Silvia Insights research desk
Brazil's panics have a long record of paying the people who buy into them.
Brazil's main ETF (EWZ) fell 19.8% on Monday after the presidential runoff, its worst day since March 2020 and worse than any day in 2008. After the nine earlier days on its list of 10 worst drops since 2000, the median gain a year later was 38%, with eight of the nine higher.
Most of those nine came during the 2008 and 2020 global crises. This time the S&P 500 rose on Monday, so the damage stayed in Brazil.
The catch is the first month, which averaged a 2% loss.
This chart comes from a new Silvia Insights research report. Members received the full analysis earlier this week, including the actionable trade ideas, risks and what comes next.
Research is for informational purposes and does not constitute personalized investment advice.
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