Brazilian Assets Plunge After Lula's Unexpected Win | Market News

The Market Matrix's post

Market News · 2d

Brazilian assets are plunging after leftist President Luiz Inácio Lula da Silva unexpectedly won the runoff against Flávio Bolsonaro, reversing a market rally that followed Bolsonaro’s first-round lead.

Lula's implied odds of victory had fallen as low as 10% 😳

$NU -17% overnight

$MELI -6% overnight

$EWZ -18% overnight

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11 Comments

Nicholas

@nicholaslovesgold · 2dEdited

Wild times

Lee @mlj3454 · 2d

$EWZ looks interesting.

Stephen

@wright_investments · 2d

$MELI and $NU are both very high quality businesses now entering value territory

Andre Matos

@dre24 · 1d

Buy buy buy! 😛

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