Trump/Vance Cancel All Weekend Rallies

Brazil's market selloff entered a third consecutive day following a political shock from President Lula, with multiple macro funds reported as casualties in what ZeroHedge called a worse-than-Lehman crash.

Flávio Bolsonaro has fled to the US following his presidential election defeat amid corruption and money laundering probes. A Brazilian Supreme Court justice separately ordered an investigation into ties between a JD Vance-cofounded donor network and the Bolsonaro campaign.

Brazil's stock market fell ~30% after the presidential election, wiping $200B in market cap, while Lula faces urgent pressure to announce fiscal cuts as the real and Bovespa slide.

Brazilian stocks collapsed 13.9% in their worst single day since 2020 following Lula da Silva's re-election, sending shockwaves through EM markets while US equities largely shrugged it off.

Lula's surprise re-election win caused Brazilian stocks to plunge 30% while the vol index inexplicably fell 40%. Polymarket's international market share surged to 94% on $250M volume, with US midterms next in focus.

Brazil's stock market crashed ~30% and the real lost ~10% after Lula da Silva's unexpected re-election, wiping over $200B in market cap. Commentary spans legitimate election integrity questions, left-vs-right framing, and macro contagion risk.

Brazil's stock market crashed nearly 30% and the Real fell over 11% after President Lula da Silva won an unexpected re-election, triggering circuit breakers and wiping out over $200 billion in market cap.

Lula's victory in Brazil's presidential election was welcomed politically but triggered severe selloffs in US-listed Brazilian shares, with Petrobras, Itaú and Nubank all down over 19–28% premarket.

Lula da Silva defeated Flávio Bolsonaro 51.8% to 48.2% in Brazil's presidential runoff, winning an unprecedented 4th term. Brazilian equity ETFs dropped as much as 27% and dollar bonds led EM losses on the shock result.