Saxo Group Videos

3 reasons to short Brazilian equities: Garnry

Brazilian equities are up 26% from the lows in January. Saxo's Peter Garnry asks whether the rally can continue. He gives 3 reasons why he thinks it is running out of steam and why this might be a good shorting opportunity.

Firstly he thinks the rally in metals will be short lived. He also points to a stronger US dollar which will hurt Brazilian growth. And lastly, how the P/E evaluation is on the high side compared to other emerging market economies.

01:38 minutes
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