Ibovespa Hits All-Time High, Small Caps Surge 20%: Analysts See Uptrend

Brazil's Ibovespa index reached an all-time high while small caps gained 20%, with analysts citing an established uptrend and interest-rate-sensitive stocks. The rally suggests sustained risk appetite in Brazilian equities, though overbought conditions (stocks >90% above 200-period average) raise pullback risk.