October 5, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Europe Debt Concerns

Please click here for a chart of Brazil ETF (EWZ).

Note the following:

• The chart shows EWZ leaped above zone 1 on election results.
• RSI on the chart shows EWZ is overbought.  An overbought ETF is susceptible to a pullback.
• Brazil matters to U.S. investors because it is Latin America’s largest economy and a major supplier of oil, iron ore, soybeans, and critical minerals.  Its economic policies are connected to global commodity prices, U.S. inflation, and corporate profit margins.
• Brazilian stocks are surging as investors price in a greater chance of spending cuts, privatizations, and lower taxes following Flávio Bolsonaro’s stronger than expected election performance.