Genoa: "Não tem mais como falar em corte de juros" | Outliers InfoMoney #188

In issue 188 of InfoMoney Outliers, Clara Sodré and Fabiano Cintra talk with Andre Raduan and Jose Luiz Torres, partners at Genoa Capital, to understand the changing global landscape in 2026. Instead of falling, interest rates are expected to rise even further. The rise in interest rates has different effects around the world. In the United States, it has not been able to curb the growth of artificial intelligence companies, which are driving sectors such as infrastructure. “Even with the shock of the wars, we are once again seeing the American economy surprise,” says Andre Raduan, macro manager at Genoa. “We have robust growth, despite all the shocks, and more pressured inflation. There's no way to talk about interest rate cuts; the equilibrium interest rate has to be higher.” Jose Luiz Torres, equity manager at Genoa, believes that high interest rates diminish the appeal of stocks in Brazil. “Why would I take risks when in the US I have interest rates and companies that are still growing at 20% per year? And in the domestic market, I can invest in fixed income with rates close to 15%,” he says. “We keep an eye on it, but for now I don't see why we should be heavily allocated in Brazil.” Follow the conversation and understand how to diversify your investments. Also check out episode 160, from 2025, when Andre Raduan, partner at Genoa, analyzed a scenario of greater concern about the United States:    • IOF e DÍVIDA PÚBLICA dos EUA com GENOA | O...   ======= InfoMoney's 2026 Financial Planner. Click here to download and print https://lps.infomoney.com.br/planner-... ------------- Follow InfoMoney also on the website and social media. Website: https://www.infomoney.com.br/ 📱WhatsApp: https://whatsapp.com/channel/0029VaHC... 📷Instagram:   / infomoney   🎥 TikTok: https://tiktok.com/infomoney X: https://x.com/infomoney 🔵 Facebook:   / infomoney   🗎 Newsletter: https://www.infomoney.com.br/newslett... 🖋️ LinkedIn:   / infomoney   InfoMoney, delivering information that's worth money for 25 years.