According to CoinMeta, Morgan Stanley predicts that with Lula's election, the Brazilian stock market will face a decline of 20%-30%. The bank expects the exchange rate of the US dollar to the Brazilian real to reach 5.60, and if fiscal concerns intensify, it could rise to 6.00. At the same time, interbank interest rates will be under pressure of 300-400 basis points. The key point is that rising fiscal risks threaten Brazil's currency, bonds, and stocks. Related stocks include: $EWZ, $PBR, $VALE.