Some News and EM News Roundup #3
Hello Global Investors,
Onto the third edition of this series, and nearing the end of the year I wanted to give yo a pipeline of the articles that are coming:
Nubank DD Part 1
A review of my performance in 2021
Nubank DD Part 2
Deep Dive on the Financial Sector of Latin America
All of those pieces will be published in the coming months and Nubank Part 1 is almost ready. Besides that you’ll have a bunch of Earnings Digest and random articles. All of that will be mostly available for premium members, so consider subscribing down below.
This past week was riddled by mostly news about elections and covid. Hope you enjoy and don’t forget to subscribe:
Now let’s go
Lula Finds an Unexpected Ally
Most of you probably heard about Lula, Brazil’s president from 2004 to 2012 tht ended up in jail due to corruption allegations. Well the man is free as he can be and trying to be president again. Amidst many rumours about his campaign apparently Lula chose an old rival as his Vice President: Geraldo Alckmin.
Alckmin was one of the faces of PSDB, a central right party for the last decades. However, he shocked and disappointed many when news broke that he was strongly considering running alongside his old rival and leftist.
The news has yet to be confirmed, but as you can see below, both are looking close as they’ve never been.
Omicron Fear causes losses in the Brazilian Stock Market.
Brazil’s stock market is once again facing turbulence due to Omicron fears. A bunch of cities are cancelling events and holiday’s festivities and a vaccine passport was implemented (against Bolsonaro’s will).
Omicron is not a problem in Brazil yet, where cases are under 100 in total. Even so fear is at a peak so that what happened in march 2021 doesn’t happen again.
Chile Elects a Leftist as President
In a battle of Ultra Right x Left, Gabriel Boric, the leftist won. Apparently a wave of letfist in power is taking shape in Latam, with Peru, Argentina, Mexico and now Chile being taken by the left.
History tells us that this is bad news, as the last cycle of leftists in power ended up in imprisonment, corruption and a fiscal crisis in almost all the countries that went this way, but only time will tell if this time things will be different.
That’s it for today,
See you guys soon,