IBOV 171,906.72 ▲ 0.51% IPSA 11,537.98 ▲ 1.76% IPC MEX 65,770.85 ▲ 0.06% MERVAL 2,995,129 — 0.00% COLCAP 2,510.72 ▲ 2.09% BVL PERÚ 60,222.25 ▼ 0.17% USD/BRL5.15▼ 0.05% USD/MXN16.95▲ 0.01% USD/CLP909.01▼ 0.42% USD/COP3,079▲ 1.13% USD/PEN3.35▼ 0.05% USD/ARS1,510▲ 0.03% USD/UYU40.18▼ 0.03% USD/PYG5,968▲ 0.82% USD/BOB11.47▲ 0.68% USD/DOP58.01▲ 0.07% USD/CRC447.25▲ 0.82% USD/GTQ7.62▲ 2.02% USD/HNL26.82▲ 1.52% USD/NIO36.62▲ 0.58% USD/VES783.11▲ 0.53% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 1.03% EUR/BRL6.01▲ 0.29% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,906.72 ▲ 0.51% IPSA 11,537.98 ▲ 1.76% IPC MEX 65,770.85 ▲ 0.06% MERVAL 2,995,129 — 0.00% COLCAP 2,510.72 ▲ 2.09% BVL PERÚ 60,222.25 ▼ 0.17% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, August 25, 2026

Opinion: Thinking the Unthinkable – Trump’s Dark Vision

By · November 2, 2020 · 3 min read

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Ribeirão Preto, SP – (Opinion) My fellow gringo Peter Rosenwald has put forward the case for returning the U.S. to something of a semblance of democracy – elect Joe Biden president. He begins by saying that a “Trump victory in the US presidential elections … is too awful to contemplate.”

But contemplate we must: as St. Paul said (I Cor 13:12): “For now we see as through a glass, darkly.” If the polls – our election-viewing glasses – are now dark, as Trump maintains, he sees many paths to victory.

But contemplate we must: as St. Paul said (I Cor 13:12): “For now we see as through a glass, darkly.” If the polls – our election-viewing glasses – are now dark, as Trump maintains, he sees many paths to victory.
But contemplate we must: as St. Paul said (I Cor 13:12): “For now we see as through a glass, darkly.” If the polls – our election-viewing glasses – are now dark, as Trump maintains, he sees many paths to victory. (Photo internet reproduction)
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The path of least resistance runs through the U.S. Electoral College, an 18th century triumph of geography over democracy, which – twice in the 21st century – has produced a Republican president who received fewer popular votes than the defeated Democratic candidate did.

The Electoral College (EC) counts votes cast by representatives of all 50 states and the District of Columbia. The number of each state’s EC votes is the sum of its congressional delegations. The EC total is 538 votes, meaning a majority requires 270 votes.

The second path is economics. At the end of 2019, most Americans felt they were better off than in 2016, as Trump’s campaign ceaselessly reminds them. One year ago, the U.S. economy had achieved its holy grail: low inflation and low unemployment. The stock market was bullish; the cuts in taxes and red tape were popular. Were it not for the Covid-19 disaster, Trump might have won re-election easily.

The third path lies through the traditional American heartland – those states lying between the Appalachians and the Rockies, all too often disparaged by coastal elites as “flyover country”. Trump’s “America First” and “MAGA” themes play well in Peoria, as does his China bashing. Trump’s abhorrence of immigrants who are not as white as his own trophy wife, easily finds an echo among “middle Americans”.

Trump’s fourth path simply ignores Biden’s personality. Biden projects the image of being a nice guy, a decent human being. Trump knows (and decisively proved in 2016) that Americans simply do not elect nice guy presidents – think Tricky Dick Nixon and Slick Willy Clinton. The last “nice guy” US President was Jimmy Carter, solidly trounced by Ronald Reagan when attempting re-election.

The darkest path, which Trump has navigated extremely skillfully, is America’s deeply ingrained systemic racism. A majority of Americans, particularly those in the heartland, do not believe that Black Lives Matter.

Citing his valid measures supporting black enterprises and traditional black colleges, Trump then calls all BLM protestors “vandals” and “thugs”, and promises “law and order” to clamp down on the “carnage” he says will move, under Biden, from America’s cities into their suburbs. He shamelessly begs “suburban housewives” to love him, as he vows never to let low-income housing developments (code for black or brown people) encroach on their lily-white lawns.

Finally, in Trump’s dark vision, the polls that paint a rosy picture for Biden are, once again, badly wrong. Although polls claim to have changed their methodology to correct the mistakes of 2016, where they grossly underestimated Trump’s numbers, legions of diehard Trump supporters “disappear” from most polls by refusing to participate in any, other than those Trump’s campaign controls.

All the above paths lead Trump back to victory in the Electoral College. Biden arguably lost crucial eastern swing states Pennsylvania (20 EC votes) and Ohio (18) when he said he would end fracking. Trump’s paths also allow him to carry all four crucial southern swing states – Texas (38), Florida (29), Georgia (16) and North Carolina (15) – despite polls showing Biden leading or even in some of these.

If Trump is right, Biden can only win an Electoral College majority by conquering, in addition to the states where he is far ahead, three western swing states: Minnesota (10), Arizona (11) and Nevada (6), where recent polls show his lead diminishing.

Geography counts here, too. Trump’s vision assumes that masses of discouraged Biden voters in the west, after watching as the early returns from easterly time zones project Trump victories, will bow to the inevitable and fail to get out and vote for their candidate.

Is Trump’s dark vision right? We hope not, but we worry.

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Aug 25, 2026 · 10:54

Ibovespa · benchmark
171,906.72
+0.51%
L 167,142day rangeH 168,310

+21.85% over 12 months

Market breadth · 15 names
47% advancing

7 ▲ advancing8 declining ▼

Currencies, rates & key inputs
USD / BRL
5.16
+0.01%

EUR / BRL
5.95
+1.01%

Selic rate
14.00%
·

Brent crude
88.88
-0.03%

Iron ore
161.91
·

Sector heatmap · average move today
Materials
+2.35%
SUZB3

Mining
+1.16%
VALE3, CSNA3, GGBR4

Industrials
+0.20%
WEGE3, RENT3

Financials
-0.10%
ITUB4, BBDC4, BBAS3, B3SA3

Energy
-0.12%
PETR4, PRIO3

Consumer Staples
-0.80%
ABEV3

Utilities
-1.38%
ENEV3

Consumer Disc.
-2.63%
AZZA3

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
171,906.72
+0.51%

S&P/BMV IPCMexico
65,770.85
+0.06%

S&P IPSAChile
11,537.98
+1.76%

S&P MERVALArgentina
2,995,129
+0.00%

MSCI COLCAPColombia
2,510.72
+2.09%

BVL S&P PerúPeru
60,222.25
-0.17%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 171,906.72 +0.51% +21.85% 171,031.73 168,310 167,142
USD/BRL 5.16 +0.01% -5.13% 5.16 5.18 5.14
SELIC 14.00%
PETR4 41.64 -0.05% +35.19% 41.66 41.97 41.15 41,499,400
VALE3 72.97 +0.83% +30.75% 72.37 73.54 72.66 17,658,000
ITUB4 38.60 -1.03% +4.57% 39.00 39.34 38.39 29,487,800
BBDC4 16.85 +0.36% +3.50% 16.79 16.90 16.67 19,416,900
BBAS3 19.37 +0.47% +0.73% 19.28 19.44 19.16 11,069,200
B3SA3 14.26 -0.21% +12.73% 14.29 14.47 14.11 33,037,800
ABEV3 14.89 -0.80% +21.91% 15.01 15.07 14.81 16,453,100
WEGE3 47.59 +0.49% +29.99% 47.36 48.08 47.36 3,364,600
PRIO3 59.14 -0.19% +50.67% 59.25 59.81 58.74 3,325,600
SUZB3 41.33 +2.35% -23.55% 40.38 41.48 40.35 3,914,900
RENT3 34.68 -0.09% +0.84% 34.71 34.96 34.35 7,979,100
AZZA3 15.89 -2.63% -53.76% 16.32 16.42 15.82 1,330,300
CSNA3 4.30 +0.47% -42.65% 4.28 4.41 4.26 10,076,100
GGBR4 24.69 +2.19% +51.38% 24.16 24.85 24.18 7,047,600
ENEV3 24.21 -1.38% +70.49% 24.55 24.64 23.99 9,297,000

Largest moves today
AZZA3
15.89
-2.63%
SUZB3
41.33
+2.35%
GGBR4
24.69
+2.19%
ENEV3
24.21
-1.38%
ITUB4
38.60
-1.03%
VALE3
72.97
+0.83%
ABEV3
14.89
-0.80%
IBOV
171,906.72
+0.51%

The session read
The Ibovespa rose 0.51%, with breadth negative — 7 of 15 names higher. Materials led, while Consumer Disc. lagged.

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