Otavio (Tavi) Costa: ‘Unlike US markets that remain historically expensive, Brazil is one part of the world that offers a compelling macro and value opportunity.’

Overall Brazilian equities are now at their most undervalued levels since the impeachment of the president in 2016.

Additionally, these stocks are being traded at similarly low multiples as they were during the global financial crisis.

Unlike US markets that remain historically… pic.twitter.com/ckLKiLB66c

— Otavio (Tavi) Costa (@TaviCosta) May 12, 2023