In a poll conducted by Datafolha, 36% of those surveyed said they would vote for Rousseff, down from 38% earlier this month, reported Rogerio Jelmayer for the Wall Street Journal last Friday.
Since the start of July, Petrobras (NYSE: PBR) is up nearly 21%, Vale (NYSE: VALE) is higher by 7% and Itau Unibanco (NYSE: ITUB) is up 10.6%. Various securities from those companies combine for nearly 29% of EWZ’s weight.
EWZ vs. S&P 500 Relative Strength
Chart Courtesy: Captain John Charts
Tom Lydon’s clients own shares of EEM.