Brazil Baby!

Another day another melt up.

Today marked the end of January trading and the S&P closed higher for a record 15 months in a row.

According to the data, a great market in January bodes very well for the rest of the year.

The chart that stood out to me today is Brazil:

That is an ALL-TIME closing monthly high for Brazil’s Bovespa.

I’m not sure how you spin this as bearish, but you are welcome to try.