It's been a tough year for emerging markets.
But as the trading year winds down, one market watcher sees a sweet spot in Latin America's largest economy: Brazil. The former emerging market standout has seen a turbulent year of credit downgrades and a faltering economy, but that might be poised to change.
"I think the tide has finally turned for Brazilian stocks," Andrew Keene told CNBC's "Trading Nation" on Wednesday. The EWZ Brazil ETF has been in a downward spiral the last year, plunging 46 percent as the country has faced a shrinking economy, weak currency and political unrest.
The turmoil has dragged the Brazilian real down by more than 40 percent against the dollar in 2015. But despite these headwinds, Keene, founder of AlphaShark Trading, believes "the bottom is in" for this fragile market.