Just last week, Standard & Poor's surprised the financial markets with an upgrade of Brazil's credit rating, prompting another surge in Brazilian assets.
"Brazil's currency, the real, jumped by the most since September, hit a new six-year high, and busted through the 2-per-dollar level for the first time since 2001," according to Dr. Weiss.
What are the forces behind Brazil's market blast-off this year?
The first force, he says, is the underlying firmness of Brazil's launch pad, its foundation for growth. Brazil's President, Luiz Inácio Lula da Silva, built that foundation by actually holding back the economy.
He paid off the country's debt to the IMF. He built a huge trade surplus and made big headway in balancing the federal budget. And he focused on stabilizing the currency.
For most of this decade, while China was growing by leaps and bounds, Brazil was lagging behind. But all that changed early this year: Brazil's government has taken new steps to unleash pent-up demand and let the economy start taking off.
"This investment explosion is key. With it, Brazil is revving up for an economic take-off that could rival China's and India's,"Â Weiss explains.
Finally, Brazil's currency, the real, is the strongest among all major currencies in the world this year. Its stock market is leaping ahead of all other major markets. Brazil is now in the spotlight, beginning to attract a torrent of international capital:
South Korean car manufacturer Hyundai announced plans to open a new facility in Brazil. Brazilian airline TAM signed a partnership agreement with U.S. carrier United Airlines and a delegation of 16 Saudi businessmen are eyeing new investment opportunities.