UPDATE: Brazil (EWZ) is now up 48%, reduce RISKLast July I put out a video suggesting that Brazil was a great opportunity to allocate capital (linked below). At the time the business cycle had turned from contraction to expansion and from a technical standpoint, we were sitting on support.
Today, +48.6% higher the risk is rising, the cycle is still relatively strong but our technicals are suggesting we reduce risk here.
