‘There will be many macro fund casualties tomorrow from Brazil shitshow’…. The iShares MSCI Brazil ETF (EWZ) dropped nearly 15% in early trading, Real futures weaken ~10%
Brazilian domestic equities and financial assets suffered steep declines across Monday’s trading session following incumbent President Luiz Inacio Lula da Silva’s runoff election victory over Flavio Bolsonaro. The benchmark Ibovespa index slid sharply from Friday’s closing level of 205,083 points, while the Tokyo-traded iShares MSCI Brazil ETF posted a nearly 15% drop, marking its largest … Read more