Dear Reader,
Brazil stocks, for one reason or another, are in a bull market. The market seems to be speculating that a new government will ease monetary policy and introduce business friendly measures. The Brazil central bank reference Selic rate target at 14.25% is quite high, so there is a lot of scope for easing.
I like Petroleiro Brasileiro. I think WTI oil could touch 50 USD in 2016, so leveraged plays on oil like mid to large cap fracking companies seem a good bet. Marathon Oil Corporation(MRO) is a good example.
Gold should fall back to 1050 USD in 2016.
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