It looks like the market is operating independently of Wall Street today. It is a normal fight between bulls and bears ahead of the options redemption.
More Quotes from Gabriel Jafet:
The rate hike itself was in line with expectations, though the text warning of inflation was a bit worrying.Gabriel Jafet
It was the most remarkable news of the day.
Gabriel Jafet
This fall is 100 percent Nasdaq. There are no local factors today.
Gabriel Jafet
The market was really just accompanying Wall Street. The ongoing uncertainty over U.S. interest rates was making investors reluctant, especially with Greenspan speaking near the close.
Gabriel Jafet
There are expectations that the Fed will cut rates, which may allow Brazil's Central Bank to do the same.
Gabriel Jafet
I think the move is due mostly to the closing of the month and first half, which is a bit artificial.
Gabriel Jafet
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