The IBOVESPA's disconnect from the industry confidence index.Bovespa MidLargeCap IndexBMFBOVESPA_DLY:MLCXleomilk84It is interesting to observe the disconnect between the performance and market expectations of Middle and Large Caps compared to the performance and expectations of Small Caps. This disconnect has become more pronounced since the 2020 pandemic, with the economy of small businesses, more representative of the daily economy, commerce, retail, services, and small industries, feeling the effects of inflation, historically high interest rates, and a strong dollar more strongly. The decrease in consumer purchasing power and more expensive credit inhibiting business investment are also corroborated by low industry confidence indices (CNI), below the historical average and above only the levels of the 2020 crisis period. Given this scenario, with fiscal imbalances and the Brazilian electoral landscape, a correction in the IBOVESPA index is expected, caused by a possible fall in the Middle and Large Caps index.