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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, reflects on what he considers a significant night for Brazil. He suggests the country could be entering an extraordinary new phase.
Costa reminds readers that Brazilian stocks surged nearly 19-fold in the last major bull market cycle, much of which occurred during Lula's leadership. He raises the prospect of another commodity boom and the opportunities this could bring for investors in Brazil.
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Costa has previously pointed to shifts in regional markets, noting that Latin America's market leadership may change due to politics and resource exposure. He has also highlighted market divergences, calling attention to the lag in silver prices relative to copper. These past observations come as he now revisits Brazil's investment outlook.