{"id":62692,"date":"2025-06-13T17:22:38","date_gmt":"2025-06-13T20:22:38","guid":{"rendered":"https:\/\/economiasa.com.br\/blog\/?p=62692"},"modified":"2025-06-13T17:22:39","modified_gmt":"2025-06-13T20:22:39","slug":"comentario-oryx-capital-expectativas-para-a-super-quarta","status":"publish","type":"post","link":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/","title":{"rendered":"Coment\u00e1rio Oryx Capital &#8211; Expectativas para a Super Quarta"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1.jpg\" alt=\"Luiz Arthur Fioreze-Cr\u00e9ditos da foto: Divulga\u00e7\u00e3o\" class=\"wp-image-62693\"\/><figcaption class=\"wp-element-caption\">Luiz Arthur Fioreze-Cr\u00e9ditos da foto: Divulga\u00e7\u00e3o<\/figcaption><\/figure>\n\n\n\n<p><em>\u201cA pr\u00f3xima Super Quarta promete ser decisiva para os mercados, com expectativas voltadas para a manuten\u00e7\u00e3o das taxas de juros tanto nos Estados Unidos quanto no Brasil.<\/em><br><br><em>Nos EUA, o Federal Reserve (FED) deve manter a taxa de juros em 4,5% ao ano, conforme amplamente esperado pelo mercado. No entanto, o foco dos investidores estar\u00e1 nas sinaliza\u00e7\u00f5es do Comit\u00ea diante do aumento recente nos riscos geopol\u00edticos, especialmente com a escalada das tens\u00f5es entre Ir\u00e3 e Israel. Esses conflitos elevam a percep\u00e7\u00e3o de risco internacional, pressionam os pr\u00eamios de risco de longo prazo e impulsionam os pre\u00e7os futuros do petr\u00f3leo \u2013 o que pode gerar efeitos inflacion\u00e1rios relevantes. Em economia, vale lembrar: a expectativa de infla\u00e7\u00e3o futura tende a se traduzir em infla\u00e7\u00e3o no presente, uma vez que antecipa reajustes de pre\u00e7os e distorce decis\u00f5es de consumo e investimento. Soma-se a esse cen\u00e1rio a deteriora\u00e7\u00e3o da confian\u00e7a institucional ap\u00f3s declara\u00e7\u00f5es ofensivas de Donald Trump ao presidente do Federal Reserve, o que introduz mais incerteza no ambiente de pol\u00edtica monet\u00e1ria americana.<\/em><br><br><em>No Brasil, o Comit\u00ea de Pol\u00edtica Monet\u00e1ria (Copom) tamb\u00e9m deve manter a taxa Selic em 14,25% ao ano. A infla\u00e7\u00e3o local deu sinais positivos, com o IPCA acumulado em 12 meses recuando de 5,53% para 5,32%, mas ainda \u00e9 cedo para confirmar uma trajet\u00f3ria de estabiliza\u00e7\u00e3o consistente. A continuidade da desinfla\u00e7\u00e3o depender\u00e1 fortemente da disciplina fiscal do governo, especialmente no controle de gastos com programas como o Novo PAC. Al\u00e9m disso, a possibilidade de um novo ciclo de alta inflacion\u00e1ria global, impulsionado pelos fatores geopol\u00edticos mencionados, eleva o n\u00edvel de cautela. Apesar disso, o Brasil deve sofrer impactos mais moderados, uma vez que iniciou seu ciclo de aperto monet\u00e1rio antes de outras economias e j\u00e1 opera com juros reais elevados.<br><br><\/em><em>Diante desse cen\u00e1rio, a recomenda\u00e7\u00e3o para os investidores \u00e9 clara: aproveitar a expectativa de manuten\u00e7\u00e3o (ou at\u00e9 eventual alta) dos juros americanos para alocar os portf\u00f3lios em t\u00edtulos (bonds) de curto prazo, que oferecem boa rela\u00e7\u00e3o risco-retorno nesse ambiente incerto. Ao mesmo tempo, o aumento da avers\u00e3o ao risco global pode abrir janelas de oportunidade para compras seletivas no mercado acion\u00e1rio, caso haja uma corre\u00e7\u00e3o acentuada provocada por novos epis\u00f3dios de instabilidade no Oriente M\u00e9dio.\u201d<\/em><\/p>\n\n\n\n<p><em><strong>\u00a0Luiz Arthur Fioreze, economista e diretor de Gest\u00e3o de Fundos da Oryx Capital<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cA pr\u00f3xima Super Quarta promete ser decisiva para os mercados, com expectativas voltadas para a manuten\u00e7\u00e3o das taxas de juros tanto nos&#8230;<\/p>\n","protected":false},"author":34,"featured_media":62693,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12577],"tags":[],"ppma_author":[],"class_list":{"0":"post-62692","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-destaques"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coment\u00e1rio Oryx Capital - Expectativas para a Super Quarta - Economia S\/A<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coment\u00e1rio Oryx Capital - Expectativas para a Super Quarta - Economia S\/A\" \/>\n<meta property=\"og:description\" content=\"\u201cA pr\u00f3xima Super Quarta promete ser decisiva para os mercados, com expectativas voltadas para a manuten\u00e7\u00e3o das taxas de juros tanto nos...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/\" \/>\n<meta property=\"og:site_name\" content=\"Economia S\/A\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-13T20:22:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-13T20:22:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1706\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reda\u00e7\u00e3o\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reda\u00e7\u00e3o\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. tempo de leitura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/\"},\"author\":{\"name\":\"Reda\u00e7\u00e3o\",\"@id\":\"https:\/\/economiasa.com.br\/blog\/#\/schema\/person\/3bb89ffdf33fd4e8b02d5b6eea9ca3ad\"},\"headline\":\"Coment\u00e1rio Oryx Capital &#8211; Expectativas para a Super Quarta\",\"datePublished\":\"2025-06-13T20:22:38+00:00\",\"dateModified\":\"2025-06-13T20:22:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/\"},\"wordCount\":434,\"image\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg\",\"articleSection\":[\"Destaques\"],\"inLanguage\":\"pt-BR\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/\",\"url\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/\",\"name\":\"Coment\u00e1rio Oryx Capital - Expectativas para a Super Quarta - Economia S\/A\",\"isPartOf\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg\",\"datePublished\":\"2025-06-13T20:22:38+00:00\",\"dateModified\":\"2025-06-13T20:22:39+00:00\",\"author\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/#\/schema\/person\/3bb89ffdf33fd4e8b02d5b6eea9ca3ad\"},\"breadcrumb\":{\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#breadcrumb\"},\"inLanguage\":\"pt-BR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"pt-BR\",\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage\",\"url\":\"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg\",\"contentUrl\":\"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg\",\"width\":1706,\"height\":2560,\"caption\":\"Luiz Arthur Fioreze-Cr\u00e9ditos da foto: Divulga\u00e7\u00e3o\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\/\/economiasa.com.br\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Coment\u00e1rio Oryx Capital &#8211; Expectativas para a Super Quarta\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/economiasa.com.br\/blog\/#website\",\"url\":\"https:\/\/economiasa.com.br\/blog\/\",\"name\":\"Economia S\/A\",\"description\":\"Ler faz bem para os neg\u00f3cios\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/economiasa.com.br\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"pt-BR\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/economiasa.com.br\/blog\/#\/schema\/person\/3bb89ffdf33fd4e8b02d5b6eea9ca3ad\",\"name\":\"Reda\u00e7\u00e3o\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"pt-BR\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/4f2972f62de6885dcca429ac19cedb2f2cc29059d11fb856e3913b167913f851?s=96&d=mm&r=g95c45ea7f8b68489539e6695756c62d9\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4f2972f62de6885dcca429ac19cedb2f2cc29059d11fb856e3913b167913f851?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4f2972f62de6885dcca429ac19cedb2f2cc29059d11fb856e3913b167913f851?s=96&d=mm&r=g\",\"caption\":\"Reda\u00e7\u00e3o\"},\"url\":\"https:\/\/economiasa.com.br\/blog\/author\/fada\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Coment\u00e1rio Oryx Capital - Expectativas para a Super Quarta - Economia S\/A","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/","og_locale":"pt_BR","og_type":"article","og_title":"Coment\u00e1rio Oryx Capital - Expectativas para a Super Quarta - Economia S\/A","og_description":"\u201cA pr\u00f3xima Super Quarta promete ser decisiva para os mercados, com expectativas voltadas para a manuten\u00e7\u00e3o das taxas de juros tanto nos...","og_url":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/","og_site_name":"Economia S\/A","article_published_time":"2025-06-13T20:22:38+00:00","article_modified_time":"2025-06-13T20:22:39+00:00","og_image":[{"width":1706,"height":2560,"url":"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg","type":"image\/jpeg"}],"author":"Reda\u00e7\u00e3o","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Reda\u00e7\u00e3o","Est. tempo de leitura":"3 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#article","isPartOf":{"@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/"},"author":{"name":"Reda\u00e7\u00e3o","@id":"https:\/\/economiasa.com.br\/blog\/#\/schema\/person\/3bb89ffdf33fd4e8b02d5b6eea9ca3ad"},"headline":"Coment\u00e1rio Oryx Capital &#8211; Expectativas para a Super Quarta","datePublished":"2025-06-13T20:22:38+00:00","dateModified":"2025-06-13T20:22:39+00:00","mainEntityOfPage":{"@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/"},"wordCount":434,"image":{"@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage"},"thumbnailUrl":"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg","articleSection":["Destaques"],"inLanguage":"pt-BR"},{"@type":"WebPage","@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/","url":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/","name":"Coment\u00e1rio Oryx Capital - Expectativas para a Super Quarta - Economia S\/A","isPartOf":{"@id":"https:\/\/economiasa.com.br\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage"},"image":{"@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage"},"thumbnailUrl":"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg","datePublished":"2025-06-13T20:22:38+00:00","dateModified":"2025-06-13T20:22:39+00:00","author":{"@id":"https:\/\/economiasa.com.br\/blog\/#\/schema\/person\/3bb89ffdf33fd4e8b02d5b6eea9ca3ad"},"breadcrumb":{"@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#breadcrumb"},"inLanguage":"pt-BR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/"]}]},{"@type":"ImageObject","inLanguage":"pt-BR","@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#primaryimage","url":"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg","contentUrl":"https:\/\/economiasa.com.br\/blog\/wp-content\/uploads\/2025\/06\/Luiz-Arthur-Fioreze-1-scaled.jpg","width":1706,"height":2560,"caption":"Luiz Arthur Fioreze-Cr\u00e9ditos da foto: Divulga\u00e7\u00e3o"},{"@type":"BreadcrumbList","@id":"https:\/\/economiasa.com.br\/blog\/comentario-oryx-capital-expectativas-para-a-super-quarta\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/economiasa.com.br\/blog\/"},{"@type":"ListItem","position":2,"name":"Coment\u00e1rio Oryx Capital &#8211; Expectativas para a Super Quarta"}]},{"@type":"WebSite","@id":"https:\/\/economiasa.com.br\/blog\/#website","url":"https:\/\/economiasa.com.br\/blog\/","name":"Economia S\/A","description":"Ler faz bem para os neg\u00f3cios","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economiasa.com.br\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"pt-BR"},{"@type":"Person","@id":"https:\/\/economiasa.com.br\/blog\/#\/schema\/person\/3bb89ffdf33fd4e8b02d5b6eea9ca3ad","name":"Reda\u00e7\u00e3o","image":{"@type":"ImageObject","inLanguage":"pt-BR","@id":"https:\/\/secure.gravatar.com\/avatar\/4f2972f62de6885dcca429ac19cedb2f2cc29059d11fb856e3913b167913f851?s=96&d=mm&r=g95c45ea7f8b68489539e6695756c62d9","url":"https:\/\/secure.gravatar.com\/avatar\/4f2972f62de6885dcca429ac19cedb2f2cc29059d11fb856e3913b167913f851?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4f2972f62de6885dcca429ac19cedb2f2cc29059d11fb856e3913b167913f851?s=96&d=mm&r=g","caption":"Reda\u00e7\u00e3o"},"url":"https:\/\/economiasa.com.br\/blog\/author\/fada\/"}]}},"authors":[{"term_id":13241,"user_id":34,"is_guest":0,"slug":"fada","display_name":"Reda\u00e7\u00e3o","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/4f2972f62de6885dcca429ac19cedb2f2cc29059d11fb856e3913b167913f851?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/posts\/62692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/comments?post=62692"}],"version-history":[{"count":0,"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/posts\/62692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/media\/62693"}],"wp:attachment":[{"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/media?parent=62692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/categories?post=62692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/tags?post=62692"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/economiasa.com.br\/blog\/wp-json\/wp\/v2\/ppma_author?post=62692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}