The Ibovespa has fluctuated close to 190 thousand points, amidst a scenario of volatility, but continues to be supported by and by an external scenario that favors diversification in emerging countries.
Despite the positive moment, Marilia Fontes, presenter of Resenha do Dinheiro, warns that the stock market’s performance does not depend only on the companies’ results.
Many investors still ignore the weight of macroeconomic scenario in variable income.
“Often, especially in Brazil, the impact of interest rates is less than variations in revenue growth”, he states.
The expert highlights that disregarding the interest rate environment is a common mistake, especially when trying to replicate strategies from markets like the American one, which have historically operated with lower and stable rates.
According to financial educator Thiago Godoy, the economic environment in which a person graduates impacts your investment decisions.
“Those who grew up with the stock market on the rise tend to invest more in shares, while those who graduated in periods of crisis tend to be more conservative”, he observes.
“Brazil is the country of high interest, fixed income. It is necessary to understand interest rates as this directly impacts the performance of companies, and can even lead to extrajudicial recoveries”, he highlights.
In addition to company fundamentals, monitoring monetary policy decisions is part of the analysis. In Brazil, this involves Copom meetings, held every 45 days, which indicate the
However, it is important to appreciate that US interest rates have a direct impact on global markets and still receive little attention from investors.
“I see few people giving importance to American interest rates, but they impact all markets, including the Brazilian stock market,” says Pascowitch.
Money Review
Carried out with the support of B3 and investment manager BlackRock, the program is presented by Marilia Fontes, founding partner of Nord Investimentos; Thiago Godoy, the “Finance Daddy”; Bernardo Pascowitch, founder and CEO of Yubb, proposes a light, direct and uncomplicated approach to topics related to financial education and investments. The attraction addresses the main economic topics every week with the informality of a conversation between friends — without compromising on analysis.
The Money Review airs every Friday, at 7pm, on the channel CNN Money on YouTube and on Sundays at 3pm on CNN Brazil.
