The rise today was hardly explicable and I think the market is a bit dangerous. There's big room for a correction still and it might happen any time.
More Quotes from Marcelo Porto:
The minimum wage vote was an important victory for the government, which animated the market. The wage level rose, which is good for Brazil, but budget will not suffer.Marcelo Porto
Today we initially hoped that stocks would rise and erase yesterday's losses, but Wall Street triggered a new wave of profit-taking.
Marcelo Porto
It's been a long time since we've had such a positive macroeconomic outlook.
Marcelo Porto
The market is showing a good improvement. Some points of concern, including in the political sphere, have been left behind and now such things as a strong currency and falling interest rates start mattering again.
Marcelo Porto
Whatever analysis you make is premature.
Marcelo Porto
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