Brazil recently hit a record high. Why further gains may be harder to come by
Brazilian stocks have been on a tear, but stubborn inflation could grind the recent rally to a stop. The Bovespa index , Brazil’s stock benchmark, hit a record high in late August, completing a sharp comeback from steep year-to-date losses. At one point, Bovespa was down as much as 11.3% in 2024. The index continues…