Trick or Trend: So when do you buy Brazil?

Brazilian markets plunge as president faces bribery scandal

Now it’s Brazil’s president who has been swept into a political scandal by a secret recording. Brazil’s O Globo, one of the country’s largest newspapers, reported Wednesday evening that the Supreme Court has a secret tape of a President Michel Temer endorsing a bribe payment. As of noon New York time the iShares MSCI Brazil ETF (EWZ) were down 15.97%. The iShares MSCI Emerging Markets ETF (EEM) was down 1.98%