Brazil’s Unpredictable 2018 Election: What Investors Should Watch For
Brazil’s Unpredictable 2018 Election: What Investors Should Watch For
The latest poll showed there are probably three lanes to victory. Investors should watch one in particular.
This week, we saw the clearest proof yet that Brazil’s extraordinarily unpredictable 2018 presidential election is going to be a wild ride for investors.
A poll by the National Transport Confederation (CNT, in Portuguese) put leftist former President Luiz Inácio Lula da Silva in the lead in all possible scenarios – assuming that his legal woes don’t prevent him from being a candidate. In just 10 minutes after the poll was published, Brazil’s stock market index tumbled 250 points, or around a third of a percent. The market later bounced back, and is still up over 25 percent this year...
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