If you've been paying attention to headlines about Brazil recently, the term "impeachment" seems to be all over the place. But what's really driving prices upwards in the country's stock market? Is it the daily swaying impeachment probability or something else?
Today's stock to be analysed is VALE, the Brazilian iron ore producer.
The chart's left side is late October 2014, when president Dilma Rousseff got re-elected. As can be seen, Vale's stock price has since then maintained a close correlation with the price of the main product it sells.
The analysis gets even more interesting when the stocks of other notable Iron Ore producers are plotted on the chart...
Anglo-Australian BHP Billiton and US-Based Freeport McMoRan.
So, what's really driving those prices more, Dilma or Iron Ore(rhymed!)? I'll stick with Iron Ore...
Today's stock to be analysed is VALE, the Brazilian iron ore producer.
The chart's left side is late October 2014, when president Dilma Rousseff got re-elected. As can be seen, Vale's stock price has since then maintained a close correlation with the price of the main product it sells.
The analysis gets even more interesting when the stocks of other notable Iron Ore producers are plotted on the chart...
Anglo-Australian BHP Billiton and US-Based Freeport McMoRan.
So, what's really driving those prices more, Dilma or Iron Ore(rhymed!)? I'll stick with Iron Ore...
