The market for Brazil equities fell as much as 3.5% on the news, but recovered and closed at 3.39% instead. Sell Lula: Lula gains some surprising traction and manages to get people out into the streets waving their red PT and Communist Party flags. Brazil’s stock market crashes by a good 10,000 points, and the Brazilian real goes to R$4.25 to the dollar in a heartbeat. Single day or weekend-long protests have sprouted up since 2015 during the impeachment of PT president Dilma Rousseff. Then all bets on Brazil’s economy would be off, and its market, the best in Latin America, would crash hard.

Source: Forbes November 10, 2019 23:00 UTC