ZeroHedge· Tyler Durden·· 2 days agoAI Score25
Lula Leads After Polling Station Extensions, 'Bolsonaro Trade' Crashes, Traders Warn of 'Circuit Breaker' Chaos
Lula Leads After Last-Minute Voting Extension As "Bolsonaro Trade" Implodes; Trader Warns Of "Circuit Breaker" Chaos
AI summary
Lula leads in Brazil's presidential runoff after polling station extensions, causing the 'Bolsonaro trade' — bets on a Bolsonaro victory — to crash. Hyperliquid's Brazil ETF perpetual contract is quoted at $45.16, about 6% above the iShares MSCI Brazil ETF (EWZ) Friday close of $42.59. Traders warn of potential 'circuit breaker' chaos in the market.
Source:ZeroHedge · zerohedge.com