Tim Seymour's Long-Term Bet On Brazil - iShares Inc iShares MSCI Brazil ETF (ARCA:EWZ)

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, Tim Seymour said that Brazil is slowly turning around structurally.He showed on a chart that iShares MSCI Brazil Index (ETF) (NYSE: EWZ) and Brazilian currency are correlated as they both started to deteriorate at a roughly same time and they are now trading at their lows.Seymour believes that Dilma Rousseff's victory, budget cuts and China are already priced in and commodities are probably going to bottom in the second half of the year. Therefore, he expects to see a rally in Brazil. It is a long-term trade that is going to develop in six to nine months.