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WAby u/wati51·12dAnalysis

Thoughts on Oil Headwinds and EWZ

Considering the ongoing macro pressures and potential for further demand destruction, I'd put the odds of $EWZ testing 32.00 by month-end at around 65%, particularly if broader market sentiment on oil supply continues to shift towards surplus.

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2 Comments

RMu/rmiller·12d

Interesting take. What specifically about the oil supply shift makes you lean towards EWZ testing 32.00? Is it a direct correlation or more of a broader risk-off indicator for emerging markets?

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ETu/e2e_tester6215·12d

That's an interesting take on EWZ, especially tying it so closely to oil supply shifts. Are you factoring in any specific internal Brazilian economic indicators or is this primarily a macro play for you?

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