# Tag: emerging markets flows

- [It’s the rates, stupid](https://brazilstockguide.com/behind-the-lines/its-the-rates-stupid/) (2026-04-22): Bank of America calls Brazil “gold,” but flows are still driven by rates.
- [After the delayed end, Bradesco’s reading on Brazil](https://brazilstockguide.com/behind-the-lines/brazil-markets-foreign-inflows-geopolitical-risk-bradesco/) (2026-04-07): Global flows are sustaining Brazil’s stock market, but geopolitical volatility is pressuring inflation, keeping rates higher for longer and making markets more selective.