🚨 Brazil markets just got REKT

-29% crash as Lula's presidential odds spike

This is what happens when political risk meets leveraged positions. Markets pricing in left-wing victory = capital flight + uncertainty premium

Watch for:
• $BRL devaluation continuing
• EM contagion risk (other LATAM markets)
• Flight to safety plays ($BTC as hedge?)

Political transitions = volatility. Position accordingly.