One of Hedgeye's big Q2 Global Macro Themes has been #EmergingOutflows. Our theme continues to ring the bell - particularly in Brazil.
In case you missed it, Brazil’s Bovespa dropped below 50,000 yesterday. It is now officially in crash mode (down -22.5% since January 3rd) as the biggest Brazilian protests in twenty years sweep the streets.
Click on the chart below. #NotPretty
