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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, suggests Latin America may be experiencing a significant shift in market leadership.
He points to changing political dynamics, deep exposure to global resources, low regional valuations, and historic underweight positioning by global investors as key drivers for this potential change.
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Costa recently observed that agricultural commodities have broken above a nearly 20-year resistance level. He has also pointed out that the technology sector is now more capital-intensive than the mining sector. These comments reflect his focus on shifts in sector fundamentals and capital flows.