/biz/ - Business & Finance

will someone talk me out of buying 3x lev brazil?
theyre the EM thats down the furthest currently due to their almost erupting into civil war or whatever earlier this year. the goy who got stabbed the other day is basically a brazilian trump ripoff: very pro market and anti regulation. i noticed a similar trump effect the other day when bolsonaro got stabbed and their market jumped 2% on a BAD day for EMs (during a dollar spike).

now im not gonna be buying ANY EMs until after the next rate hike and after we confirm that the dollar isnt just gonna keep mooning off the hikes (it should eventually stop having this effect desu). but if i see weakness in the dollar after the hike, im thinking it may be time to grab some BRZU (3x lev brazil, even has a 2% yield too lol). i see it as likely that the rebound could bring it up to the high 20s, which from this level would be almost a 100% trade (more like 80% or so). and if it breaks beyond that, we could EASILY see it triple imo over the next year. this is of course implying that bolsonaro will have a "trump effect" on their market

idk senpaitachi, i smell opportunity