Rogério Xavier: Lula needs to give a “credibility shock”
Amid the turmoil that has taken hold of the market in recent days, Rogério Xavier will wait for the indication of the Finance Minister and new economic measures to assess their credibility, do the math and see if there is anything to do in the markets. “We have opinions, not facts, and we make decisions based on concrete information,” the co-founder of SPX Capital told Brazil Journal. “There was an adjustment…
Rogério Xavier, co-founder of SPX Capital, has expressed caution regarding the current market situation in Brazil, citing the need to assess the credibility of new economic measures and their potential impact on the market. The SPX funds, including the Nimitz multimarket fund, performed relatively well during the recent market turmoil, with losses smaller than those of many competitors.
Xavier believes that the current market level may be the new reality if no fiscal adjustments are made, and has expressed concerns about the decreasing influence of local asset managers. He also highlighted the challenges facing Brazil, including high public and private debt, and the need for the government to address fiscal issues to attract investment.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
