Economics
He’s Vulgar, Offensive and Wildly Popular With Traders in Brazil
- No one wants to say it out loud, but Bolsonaro gaining support
- What that means for Brazilian markets isn’t at all clear
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The laughter and the applause could be heard all the way down the hall, where the press had been instructed to stay. Loud, spontaneous outbursts of glee that came in waves -- one after another -- over the course of 90 minutes.
The speaker: Jair Bolsonaro, the radical firebrand running for president in Brazil. The venue: BTG Pactual’s annual conference in the heart of the Sao Paulo financial district. Attending the lunchtime speech were some of the best and brightest from the country’s top financial firms. Currency traders and stock analysts and investment bankers.