Impeachment Rally Led by Commodities

06.05.2016 • Emerging Markets

From Daily Pro (BRA) – There is something very peculiar about the impeachment rally: its high correlation with commodity prices. It is curious because commodities are usually less affected by changes in economic policy. However, in Brazil, the impeachment rally is driving up commodity-related assets first, and the main stock index follows with a delay. Since we are seeing commodities doing well now, that is a strong indicator that the main stock index will soon grow as well.

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