Aurora Macro Strategies

Aurora Brazil Update: Flight of the Flávio

October 29, 2026

Latin America

Flávio Bolsonaro’s flight to the United States after losing Brazil’s presidential runoff is accelerating the fragmentation of the Brazilian right. Aurora assesses why Lula’s victory is unlikely to be overturned, how the Bolsonaro family’s influence is weakening, and what the February congressional leadership contests mean for governance and markets.

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Aurora Brazil Update: Flight of the Flávio