(Bloomberg) — Goldman Sachs is bullish on the world’s hardest-hit stock market.Down more than 48% this year when measured in dollars, Brazilian stocks will benefit from growing appetite for risky assets and a recovery in commodities prices during the second half of 2020, strategists led by Kamakshya Trivedi wrote in a report dated May 20.“Brazilian equities are an ideal bounceback candidate,” the strategists said. They recommended investors go long the benchmark Ibovespa index with a target of 90,000 points, or about 9% above current levels.Investors have fled from Brazilian stocks and its currency this year as the Covid-19 pandemic battered …read more
Source:: Yahoo Finance
