Brazil Stock Market Plunges on Lula Re-Election "win"

October 26, 2026

Source: Hal Turner

Brazil's stock market index iShares MSCI Brazil ETF (EWZ) fell over 19% overnight after President Lula "won" re-election.

Lula only "won" after a judge, who was previously Lula's personal attorney, EXTENDED VOTING HOURS in areas where Lula was popular, allowing two more hours for voting in those areas in yesterday's election.

Flávio Bolsonaro won the 1st round of voting, led the polls, and suddenly 213 cities flipped to Lula in 3 weeks—76 cities in Minas Gerais alone!

Bolsonaro REFUSES to concede and is demanding an annulment after the voting rules were changed mid-election. The people deserve ANSWERS!

Meanwhile, Investment money that was betting on Brazil cleaning-up its political act, is now being rapidly pulled-out of the country after what appears to many of those Investors to be an election theft.

Brazil's currency, the "Real" is also plummeting in value on Foreign Exchange Markets.