Why UBS Says Brazil’s 7-1 Trouncing Is Bearish for Stocks

Conventional wisdom has been that a Brazil loss at home in the World Cup would be a positive for the country’s financial markets. A defeat, the argument went, would sour the national mood and prompt voters to oust President Dilma Rousseff, who has sunk the economy into stagflation. Yesterday’s 7…

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Why UBS Says Brazil’s 7-1 Trouncing Is Bearish for Stocks

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