Bower Trading President Jim Bower is keeping an eye on the Brazilian government and economy. Bower says Brazil is experiencing some major instability that could have major market impacts. “Brazil is having problems with their president and leadership. They assassinated the board superintendent at the Port of Santos. That’s their biggest port,” explains Bower. “Things can’t be going too smooth down there between the government and employees.” That kind of uncertainty could shift business to the United States. “Brazil has been having trouble with the COVID-19 pandemic. They may get themselves in trouble in the next month or so.”
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