There's a bull case emerging in Brazilian stocks for long-term investors

📆 6/2/2024 5:10 AM
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Recent struggles in stocks traded in São Paulo may be an opportunity for investors to buy into Latin America's largest economy at a discount.

Recent struggles in Brazilian stocks could be an opportunity for investors to buy into Latin America's largest economy at a discount. Bovespa , the country's stock index, is down about 9% year to date and fell roughly 3% last month. That marked the benchmark's worst May performance since 2018 — when it dropped nearly 11%. The iShares MSCI Brazil ETF is also under pressure, losing 15% year to date and 5% in May.

Nvidia will be key to market's direction as Wall Street heads into the summer with May jobs report on deck

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