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@jsphctrl.ft.com

You could get shares in Brazil’s biggest investment bank for a third off the previous day’s price today. A US-listed Brazilian investment manager for half off. A 20% discount on the region’s biggest fintech. Etc. www.ft.com/content/bffe...

ft.comLula’s surprise victory triggers worst rout in decades for Brazilian marketsInvestors had been positioned for victory by rightwing Bolsonaro, seen as more willing to tackle budget deficit

26/10/26, 7:52 pm4 reposts8 likes

A Horse of Course

@charliehorsephotos.bsky.social

Feels like the guys running ponzi schemes and cooked books are realizing they're out of runway.

Sweet Bobby

@sweetbobby.bsky.social

I think it’s more regression to the mean. Stocks and the real surged after the first round of election and those gains, and a little more, were wiped out.

William Wright

@williamw1.bsky.social

BTG Pactual is a name I hadn’t heard for a while. Reminded me of its vice chairman Huw Jenkins - another name I hadn’t heard for a while - who was head of UBS Investment Bank in the countdown to the financial crisis and who is worth significantly less on paper today than he was yesterday