Letter from Flávio Bolsonaro after defeat does not receive support from key allies

Flávio Bolsonaro (PL) lost the second round to Lula (PT) on Sunday (25) by more than 4 million votes, according to Money Times. On Thursday night (29), the senator released a letter alleging an electoral coup, without presenting evidence of fraud.

Before the release, Flávio had arrived in the United States on Wednesday. According to UOL, cited by Times Brasil, the letter initially contained the expression “true elected president of Brazil”, which was changed around 40 minutes later to “leader of Brazil”.

In the political field, the reaction was one of distancing. Valdemar Costa Neto, president of the PL, criticized the text after visiting Jair Bolsonaro, who is under house arrest for an attempted coup. He stated that "no one approved" the letter and said he did not like the publication, according to Money Times.

The same vehicle points out that the letter did not receive support from Flávio's key allies in the political field. Paulo Figueiredo presents another version of the reasons for the corrections made to the text, according to Times Brasil.

The episode also had a diplomatic component. According to UOL, agents linked to the Trump administration worked in Washington after the letter was circulated to avoid a diplomatic problem.

In the assessment of Cleveland Prates (FGV/Fipe; Microanalysis), cited by Estadão, the letter does not affect the Brazilian market.

What changes for the investor

From what the aforementioned vehicles found, the direct impact on Brazilian assets tends to be limited, in Prates' assessment. The point that deserves attention is political: the lack of support from allies shows an opposition without a consensus on how to react to the defeat. For those who invest, what counts are concrete signs of fiscal responsibility and the economic agenda of the field that is being organized for the next dispute, and not declarations of contestation of the result.

Automatically translated from Portuguese.