Brazil's Got Problems

06/18/13 02:26PM EDT

One of Hedgeye's big Q2 Global Macro Themes has been #EmergingOutflows. Our theme continues to ring the bell - particularly in Brazil.

Brazil's Got Problems - braz

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

Brazil's Got Problems - Brazil SP500

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