A Brazilian reasons to have sold

Today, the election result in Brazil is the news and the narrative.

Keep in mind, ‘narrative’ is this dreaded word which people use, in order to tell or justify a story.

Although 2 weeks prior (in my October 11th, 2026 weekend edition of Macro Extremes), my work was telling readers that the ‘fat part’ of the trade in the Bovespa had been seen and it implies that one had no business initiating any long positions.

The Brazilian stock market is expected to open 20% lower in today’s trading session.

October 26, 2026

rob@karriasset.com.au