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Uncertainty of U.S. Recovery Sparking ‘Panic’, SLW’s Galdi Says

Aug. 4 (Bloomberg) -- Uncertainties of U.S. economic recovery are generating “panic” in the markets, Pedro Galdi, head strategist at Sao Paulo-based brokerage SLW Corretora, said in a telephone interview.

On risk perception:

“There’s the perception of a new recession. Investors are coming out of risk and going to Treasuries and the dollar.”

On foreign investors: “It’s panic. Individual investors are getting out of equities. There have been many withdraws from funds. It’s not the foreign investor. Those continue to invest in Brazilian stocks.”

To contact the reporter on this story: Taís Fuoco in Sao Paulo at

To contact the editor responsible for this story: Francisco Marcelino at

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