
🇧🇷 Over $200B wiped out from the Brazil stock market at open after Lula da Silva wins Brazil's presidential election, defeating Flávio Bolsonaro. This looks to me like a too much of a reaction. Heard that Lula is not Pro business, but still a 33% fall is too much. Brazil has also suspended trading on stock markets today due to circuit breakers. All eyes on $EWZ on how it trades now. I am long on EWZ on @variational_io, because I feel 33% correction is too much & market should come back to a reasonable valuation soon.