$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.
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.
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.
merry christmas
You too
$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.
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.
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.