Strategy Note /
Brazil

Brazil’s Bolsonaro mimics Trump but a coup is unlikely

  • In an echo of Trump supporters' day out at the Capitol, Bolsonaro supporters rally uncomfortably close to Supreme Court

  • Bolsonaro's hardcore messaging may alienate moderates who supported him in 2018, compounding his 2022 election challenge

  • Yet Covid immunity from high prior infection may help growth versus others in EM and equities may already reflect risks

Brazil’s Bolsonaro mimics Trump but a coup is unlikely
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
8 September 2021
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