Global investors are increasingly piling into Brazilian stocks: Brazilian stocks have recorded +$6.6 billion in foreign inflows so far in 2026. This already surpasses the +$4.9 billion recorded in the entire 2025. As a result, the average daily trading volume for Brazilian equities jumped to $6.1 billion last month, the highest since November 2022. Furthermore, the Brazil ETF, EWZ, which covers 85% of the nation's stocks, surged +17% in January, its best monthly performance since 2020. A weakening US Dollar and higher commodity prices are driving the historic move higher. Brazil's bull market is accelerating.(The Kobeissi Letter)