Brazil just became the hottest political trade on the board.
Flávio Bolsonaro edged out Lula in Round 1. Runoff set for Oct 25.
Market didn't wait: $EWZ ripped +10% overnight after already closing +2.83% Friday.
Here's the play: we've got 3 weeks of pure volatility ahead. Polls will swing. Headlines will move. Expectations will flip.
Watching $EWZ, Brazilian real, and how risk-on flows react as we close in on the 25th.
Round 1 was the shock. Now we trade the uncertainty.
Position accordingly.
Flávio Bolsonaro edged out Lula in Round 1. Runoff set for Oct 25.
Market didn't wait: $EWZ ripped +10% overnight after already closing +2.83% Friday.
Here's the play: we've got 3 weeks of pure volatility ahead. Polls will swing. Headlines will move. Expectations will flip.
Watching $EWZ, Brazilian real, and how risk-on flows react as we close in on the 25th.
Round 1 was the shock. Now we trade the uncertainty.
Position accordingly.
