10/28/26 Afternoon CommStock Report – Lula, Lula, Lula… for a Fourth Time Lula

The Commstock Report is a twice daily market report. 10/28/2026 Lula, Lula, Lula… for a Fourth Time Lula PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update On my inaugural trip to Brazil to check out our Ag competition in December 2001, Lula de Silva was running for president of Brazil for the first time. He was doing well in their polls. Brazilian currency and equity markets were concerned over the prospect of the election of a communist… socialist… populist…no one knew for sure. No one knew for sure whether he was a Castro or worse. The Brazilian currency plunged ahead of the election… selling the rumor of this radical being elected.  The rumor became fact on October 27th 2002 when Lula won election with 61.27% of the vote. What soon became apparent was that in terms of judging South American governance…Lula was a moderate. We were investing in Brazil at that time and the dip in the real gave us a favorable currency exchange. I was thinking, “Thank You Lula”. I told you in a previous report how cheap the beer was when a dollar bought you 3 reals. After his re-election Sunday,…