Esteves: Ibovespa could beat 150,000 points with coronavirus vaccine

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The new pandemic coronavirus it paralyzed the world economy this year, flattened corporate profit margins and scared investors. But now, it is possible to see the light at the end of the tunnel – and the exit from the crisis can be great, in the opinion of André Esteves, senior partner of the investment bank BTG Pactual and one of the controllers of EXAM.

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“The vaccine is a precondition [para a retomada da bolsa de valores], but it is already given. There are now five or six vaccines in advanced tests. The base scenario is one of broad global vaccination throughout the first quarter or the first half of 2021. This chapter must be closed. There, nothing prevents the Ibovespa reaching new heights and reaching 120,000 or even 150,000 points. There is no limit to success. It just depends on us, ”said Esteves on Monday, 23, during the opening of Money Week, a virtual investment forum organized by the office of autonomous agents EQI in partnership with BTG that runs until 27 November.

(EXAM / Exam)

When he says that “it only depends on us”, Esteves refers to the collective effort that Brazilians must make to defend the process of economic reform and modernization that has been implemented in the country.

“We cannot let political disputes and personal ideologies dominate the debate. The agenda must be the best for society, ”said Esteves. This agenda, in his opinion, includes the reform of Social Security, initiated during the Michel Temer administration, in 2016, and the administrative reform, proposed by President Jair Bolsonaro this year to remove the framework of civil servants.





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