There was a point where polymarket shifted overwhelmingly to Lula winning, but Bolsonaro was still leading on election day. Then Lula overtook him. Insiders knew and positioned accordingly. Stolen election. Either dishonestly, or by manipulating low IQ voters with "free stuff" and that Bolsonaro was a "fascist threat to democracy".
WOW 🚨 Nick Shirley interviewed the very few Lula supporters in Brazil after his "Victory"
Every single one of them is a self proclaimed LQBTQ Communist who claims Bolsonaro is a "Fascist"
It's a Marxist revolution by the dumbest people on earth.
@AJButton2 One technical consideration is that institutional money is now scared off. So you get rock bottom valuations, but could be sitting on dead money for a while.
Flush $VALE to $11.80, get it over with. That was the previous resistance that turned into a breakout to $17.80. Let's flip it to support, and then rip it to $22, what do you say?
🚨BREAKING: Brazilian election on the brink of annulment after Lula’s former lawyer ordered a last minute 2 hour voting extension that locked out on time Bolsonaro precincts while Lula strongholds kept voting until 7 PM.
Electoral experts warn the result could be voided if the margin is tight and even the New York Times is now calling the situation “extremely serious.”
Imagine how stupid the Brazilians are after watching their markets rip higher on Bolsinaro then realize they want socialism and watch it drop. Can’t you idiots see that the markets and global investors were excited? Now you just forfeit any investments into your country?
🚨BREAKING: It's happening as we have been predicting for weeks now!
Flavio Bolsonaro is now up to 82% on Polymarket for the the Brazil Presidency tomorrow, ousting communist Lula and vindicating his father Jair.
Make Brazil Free Again 🇧🇷
Detach from your emotions, and put yourself in the shoes of the market makers...
Remember liberation day when you were afraid to buy?
Trump will capitulate on Iran before it destroys markets and his popularity any further. The dollar and yields will fall like a rock, providing fuel for a massive squeeze. The wall of worry is positioned short currently, and when they cover, that's when you get massive overextension to the upside.
Doesn't mean it won't get worse in the short-term if he decides to temporarily do a last ditch effort with Iran, but stay cool for a little while longer.
That's the traditional viewpoint. Iron ore unlikely to go lower. Historic floor around this level. Positive US trade relations could change the game and reduce dependence on China. Management has already pivoted to other geographies. I also expect copper to become a new growth engine.
I expect a bolsonaro win plus positive earnings report to bounce us back to $14.
Flush $VALE to $11.80, get it over with. That was the previous resistance that turned into a breakout to $17.80. Let's flip it to support, and then rip it to $22, what do you say?
Both yields and equities collapsing here.
$BABA was down over -6% in HK, now only down -2% on the ADR the next day. Clear divergence between the two the past few trading days. The low today was absorbed right at the NYSE open. People are buying around this level.