Just stumbled upon an intriguing analysis by @TaviCosta , that unveils a divegence in two metrics that have usually moved in tandem, Let's dive deeper into this unprecedented anomaly that has unfolded since 2020 🧵👇
@WeekendInvestng @TaviCosta Tavi is uber bullish on Brazilian equity market and gold , little contradictory .Central bank presently own gold lowest level since inception . But if thing turned around it will be win win sitiuation
I like Brazil for other reasons. It’s a resource-rich economy with one of the most undervalued equities markets in the world today, also relative to its own valuation history, in what I believe to be the beginning of a commodities cycle. Keep in mind: I’ve never seen a secular bull market in gold that didn’t unleash a similar trend in other natural resources — particularly commodity-led economies. At current depressed valuations the scenario I’m suggesting remains incredibly mispriced, and in my view, it’s yet another opportunity.
@TaviCosta @kirpalgogi @WeekendInvestng The pattern looks interesting..
@TaviCosta @kirpalgogi @WeekendInvestng Brazil is the country of the future and always will be.
@TaviCosta @kirpalgogi @WeekendInvestng Thanks for your thoughts…always great to read and listen to your macro views.
@TaviCosta @kirpalgogi @WeekendInvestng Tavi ,please introduce some related commodity companies except Vale which is very famous
@TaviCosta @kirpalgogi @WeekendInvestng Thank you Tavi, again, and again ...