HADDAD REVELA ALERTA IGNORADO POR LULA ANTES DO CAOS NO MERCADO
Speakers
Fernando Haddad
— Minister of Finance of Brazil
Summary
Fernando Haddad discusses the 'Haddad Day' market reaction, revealing he was a dissenting vote against combining fiscal adjustment and income tax exemption announcements. He warns the dollar at 6.20 was unsustainable and later corrected. He expresses optimism about Brazil's economic performance and policy direction.
- Haddad was against combining fiscal and political announcements.
- He warned President Lula about potential market reaction.
- He said the dollar at 6.20 was unsustainable.
- He notes the market eventually understood and dollar fell.
- Haddad highlights Brazil's economic achievements.
- He emphasizes tax reform and fiscal framework.
- He defends the government's economic record.
- He contrasts with previous government's actions.
Trade Ideas
Short dollar at 6.20 unsustainable.
The Brazilian real was unsustainably weak; the dollar at BRL 6.20 was overvalued and would correct once the market understood that the income tax reform was fiscally neutral. Short USD/BRL was the right trade.
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This Market Makers video, published May 23, 2026, features Fernando Haddad discussing USD/BRL. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Fernando Haddad · Tickers: USD/BRL