Seeking Alpha

"Investors appear to have thrown in the towel on Brazil," says BAML of a survey of fund...

"Investors appear to have thrown in the towel on Brazil," says BAML of a survey of fund managers. Fourteen percent are underweight Brazil, a sharp turnaround from a month ago when 20% were overweight. The central bank has been aggressively slashing rates - normally a green light for stocks - but investors are reading the cuts as panic moves in a stagnating economy. EWZ -31.7% Y/Y.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)