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Primary economy: Brazil economic indicators

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.
Sigmacast expected range ± 1.6–3.9% · 7–28-day calibrated zone
Last Updated: 6/23/26
recent path character per horizon · descriptive, not a forecast
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: S&P Global Composite PMI (r=+0.91), Brazil IPCA Inflation Monthly (r=+0.83), IGP-M Inflation MoM (r=+0.70)
Inversely correlated: Primary Budget Surplus (r=-0.96), Brazil IPCA Inflation 12-Month (r=-0.95), Budget Balance (r=-0.92), Nominal Budget Balance (r=-0.92), Brazilian Service Sector Growth YoY (r=-0.69)
As of June 23, 2026, ^BVSP is trading at 171575.55. Our multi-model Sigmanomics forecast for this index generates expected price ranges (magnitude, not direction) across 7-day, 14-day, and 28-day horizons, each with a recent-path character readout. Based on ensemble models including SIGMACAST, Σ-Adaptive, and Σ-Trend with model-agreement confidence bands. Updated daily.
medium-term trend: down · 1D · ER 0.01 · trailing 7d
Forecasts generated by Sigmanomics engine. Not financial advice.
The Bovespa (^BVSP) is a market index covered by the Sigmanomics analytics platform. The ^BVSP index closed at 171,577.42 on June 23, 2026, reflecting a gain of 0.62% from the previous close of 170,526.66.
Over the past 30 days, the index has experienced a modest downtrend with a decline of 4.96%, ranging between 167,672.23 and 181,896.56. The price currently trades above its 20-day moving average of 171,188.56. The 14-day RSI stands at 45.3, in neutral territory, indicating balanced momentum.
Over the same 30-day window, daily-return volatility was 1.00%, reflecting typical price variability for this index.
Daily-return volatility of 1.00% runs elevated for this index, so price ranges are likely to stay wide — watch how price behaves around its recent range rather than treating any single level as fixed. ^BVSP is currently trading 0.23% above its 20-day moving average. Its 14-day RSI reads 45.3, currently in neutral territory.
Auto-generated from Sigmanomics market data. Last update Jun 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.