Investment idea:long Brazil via $EWZ via /r/wallstreetbets #stocks #wallstreetbets #investing

Investment idea:long Brazil via $EWZ

Background: Brazil was in a pretty terrible recession from 2014-2016, but after that they mounted a recovery which continued until 2020, when the pandemic hit. Brazilian stocks like most got pretty fucked.

However, they have been recovering from the pandemic slowly but they are still down quite a bit. There is still plenty of time to bet on the uptrend, and once they get the vaccine I expect the Brazilian market to make a full recovery to pre-pandemic levels. Bolsonaro is a pretty eccentric guy, but he is instituting quite a large amount of labor reforms and making it easier for companies to do business inside and with Brazil.

So essentially what I'm saying is, long call options on $EWZ

Submitted December 02, 2020 at 04:08AM by Shiftermob
via reddit

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