Once again, a clear anti-Bolsonaro vote from the majority of the electorate. Lula won because he got last-minute support from the moderates and even some right-wingers. It certainly does not feel like a victory of the left.

Now he will face a much bigger opposition in Congress and therefore will have to find a middle ground.

I expect his policies to move even further to the right. This might pave the way for his vice-president Alckmin, a historical right-winger, to run in the 2030 elections — likely against São Paulo’s governor Tarcísio de Freitas, also a right-winger and considered more moderate than the Bolsonaros despite being associated with them.