David Lin: Interest Rates Push Economy to the Brink

Brazil’s presidential election sent shockwaves through global markets when Luiz Inácio Lula da Silva secured an unexpected victory, prompting a steep sell‑off in Brazilian equities. As Tavi Costa—co‑founder and CEO of Azurite Capital—explained in his interview with David Lin, the Brazilian stock‑market exchange‑traded fund fell roughly twenty percent in a single day, a reaction driven largely by investor apprehension about Lula’s historically left‑leaning policy platform. While the immediate market panic was stark, Costa emphasized that the political picture is far more nuanced than a simple binary of pro‑ versus anti‑business leadership. He pointed out that the newly elected legislature leans markedly more conservative, providing…