The Brazilian stock market operated today below 90,000 points, the lowest level since January 3, 2019. In a few months, President Jair Bolsonaro burned much of the support he received from the financial market.
The economic deterioration in the Brazilian scenario, the commercial war between the US and China, the Brazilian government's inability to carry out reforms and the huge demonstrations that took place yesterday in several Brazilian cities showed the fragility of the current government of Jair Bolsonaro.
For that reason, in the coming weeks in Brazil, the country's economic scenario should be marked by volatility in the financial market. There is nothing that can reassure the Brazilian financial market in the short term.
To many analysts, the president Jair Bolsonaro has moved beyond any limits after he called thousands of people who took to the streets to speak out against cuts in the education of idiots and imbeciles.
To make matters worse, Flávio Bolsonaro, who is senator and son of the current president seems to be involved in a corruption scandal. Yesterday, a report from the Rio Public Prosecutor's Office (MPRJ) pointed out that there are indications that Flávio Bolsonaro bought and sold real estate to launder money.
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