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Jose Dario's avatar

merry christmas

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Wolf of Harcourt Street's avatar

You too

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Samsolid's avatar

$NU is probably one of the best deals in the market right now. Highest risk to Latam, but def the greatest reward if things work out which it probably will for macro.

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Wolf of Harcourt Street's avatar

I believe there will be short-term headwinds related to macroeconomic factors. However, the medium- to long-term opportunity remains unchanged. Nu has always operated in economically challenging environments.

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Samsolid's avatar

I really think a lot of the macro downside pricing in was accelerated due to the rally in the dollar. The Brazilian Bovespa dropped almost 12% in just about 4 months. That's the fastest and largest drop since Covid. Brazil also isn't the only EM to experience dramatic declines quickly since the Fed started cutting rates. On a technical scale, the markets are oversold on daily and weekly.

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