During yesterday’s It’s-Tuesday-So-Buy-Everything ramp, I noticed that Brazil’s equity ETF, symbol EWZ, was quite weak, and it was actually in the red for most of the day. I shorted a decent amount of EWZ, and now that today has some overall redness, EWZ has been particularly weak; in fact, it’s the best position I’ve got today. I think we could see the high 40s on this symbol within a couple of weeks.
