Lula wins. Brazilian stocks plunge 17%. Currency sinks 12%.

Brazil's 10Y Government Bond Yield is now pushing 16%!

That's a +300 basis point gain in a single day.

That would be like US mortgage rates going from 7% to 10% in a single day. https://t.co/VLtALSCU3X pic.twitter.com/OmSum6vZmK

— The Kobeissi Letter (@KobeissiLetter) October 26, 2026

Bolsonaro won the first round of the elections, odds of him winning the 2nd round were 80-90%

Then Lula "won", and Brazil's stock market plummeted 17%, bond yields surged 16%, and their currency collapsed 11%!

And just now Bolsonaro's passport was confiscated

BRAZIL HAS FALLEN

— Mario Nawfal (@MarioNawfal) October 26, 2026

I'm not going to dive into politics. I'm simply sharing my opinion based on what the financial markets are showing.

Today is another sad day for Brazil, period. There was hope that things might change, but the black swan country strikes again.

13 circuit breakers in 20 years.… https://t.co/DQeJCyScfz

— Guilherme Tavares (@i3_invest) October 26, 2026

Alex Soros is celebrating. That’s all it takes to know that this is not good for Brazil. pic.twitter.com/AQTy1MZeJL

— Retard Finder (@IfindRetards) October 26, 2026

>be Lula
>get convicted of corruption
>get sentenced to 12 years
>get released by the STF on procedural errors
>never actually acquitted lmao
>beat Jair Bolsonaro in 2022
>Jair gets thrown into jail over an alleged coup attempt
>Congress votes to cut his sentence
>Lula vetoes it… pic.twitter.com/eamm2n4kL2

— Dr. Simon (@goddek) October 26, 2026

Has anyone ever seen a Right-wing candidate come from behind to win an election, ever? Cause I've seen leftists do it like 50 times… https://t.co/Jh7OlqD0dR

— libertarian in Los Angeles (@LA_libertarian1) October 26, 2026

Brazil halts trading and cancels government bond auctions after election shock
https://www.reuters.com/business/finance/investors-expect-markets-unwind-brazils-lula-reelected-2026-10-26/
Brazil’s benchmark Ibovespa index triggered a circuit breaker after falling 10%, forcing a 30-minute trading halt. The Treasury also cancelled scheduled auctions of inflation-linked and fixed-rate government bonds for October 27 and 29. The turmoil has spread from share prices into the government’s debt market.

Brazilian stocks plunge nearly 17% as U.S.-listed companies suffer double-digit losses
https://www.marketscreener.com/news/brazilian-stocks-real-fall-sharply-after-surprise-election-outcome-update-ce785cdcdd80ff27
The Ibovespa fell as much as 17%, while the Brazilian real weakened more than 10% against the U.S. dollar. The selloff crossed into U.S. markets: fintech Nu Holdings dropped 21% and MercadoLibre fell 10%. Investors who had positioned themselves for a Flávio Bolsonaro victory were forced to reassess their bets.