IBOV 176,210 ▼ 0.81% IPSA 10,564 ▼ 0.34% IPC MEX 68,333 ▼ 0.07% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▼ 0.38% USD/MXN 17.27 ▼ 0.36% USD/CLP 900.71 ▼ 0.09% USD/COP 3,684 ▲ 0.78% USD/PEN 3.42 ▼ 0.05% USD/ARS 1,399 ▼ 0.14% USD/UYU 39.92 — 0.00% USD/PYG 6,064 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 58.86 — 0.00% USD/CRC 451.95 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.61 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 529.18 ▼ 0.13% USD/PAB 1.00 ▲ 2.23% USD/BZD 2.00 ▲ 1.66% USD/JMD 156.58 ▲ 0.46% USD/TTD 6.71 ▲ 0.87% EUR/BRL 5.84 ▲ 0.28% BRENT 100.21 ▼ 2.31% WTI 96.60 ▲ 0.26% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.95% GOLD 4,523 ▼ 0.37% SILVER 76.20 ▼ 0.28% SOY 1,197 ▲ 0.19% CORN 463.25 ▲ 0.22% WHEAT 646.25 ▼ 0.19% COFFEE 264.00 ▼ 3.44% SUGAR 14.68 ▼ 1.48% ORANGE JUICE 166.80 ▲ 0.12% COTTON 77.34 ▼ 0.82% COCOA 3,886 ▲ 3.16% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 44.48 ▼ 1.05% VALE3 83.10 ▲ 0.57% ITUB4 39.43 ▼ 1.72% BBDC4 17.62 ▼ 1.56% ABEV3 16.10 ▼ 1.83% BBAS3 20.94 ▲ 0.58% B3SA3 16.66 ▼ 2.12% WEGE3 42.73 ▲ 0.61% PRIO3 68.40 ▲ 0.59% SUZB3 41.70 ▼ 1.33% RENT3 43.35 ▼ 1.57% AZZA3 20.72 ▲ 3.86% CSAN3 4.29 ▼ 2.50% RAIZ4 0.39 — 0.00% PCAR3 2.08 ▼ 1.42% GMAT3 4.39 ▼ 0.90% PSSA3 49.17 ▼ 0.59% CVCB3 1.77 ▼ 0.56% POSI3 4.06 ▼ 0.73% SLCE3 16.07 ▼ 2.61% NATU3 10.10 ▼ 0.98% BRKM5 11.97 ▼ 0.50% RANI3 8.08 ▲ 0.25% CSNA3 6.73 ▲ 6.15% CMIN3 4.48 ▲ 1.13% USIM5 10.35 ▲ 5.61% GGBR4 24.01 ▲ 2.17% ENEV3 24.96 ▼ 2.19% NEOE3 33.80 — 0.00% CPFE3 43.31 ▼ 0.89% CMIG4 11.22 ▼ 1.23% EQTL3 37.67 ▼ 1.23% LREN3 15.07 ▲ 1.48% VIVT3 34.81 ▼ 1.36% RAIL3 14.21 ▼ 3.14% KLABIN 16.46 ▼ 0.30% RAIA DROGASIL 18.19 ▼ 2.47% RDOR3 34.07 ▼ 1.50% HAPV3 12.05 ▼ 2.35% FLRY3 15.69 — 0.00% SMTO3 17.60 ▼ 0.23% UGPA3 28.70 ▼ 1.54% VBBR3 32.75 ▼ 1.98% BBSE3 34.47 ▼ 0.78% BPAC11 53.93 ▼ 0.81% CURY3 30.53 ▼ 2.15% AERI3 2.40 ▲ 5.26% VIVARA 22.19 ▼ 0.58% COMPASS 26.90 ▼ 0.41% VAMOS 3.25 ▼ 3.56% SANB11 27.10 ▼ 1.78% ASAI3 8.44 ▼ 0.47% SBSP3 28.46 ▼ 0.56% WALMEX 55.53 ▲ 0.43% GMEXICO 205.95 ▲ 1.44% FEMSA 209.93 ▼ 0.21% CEMEX 21.83 ▲ 0.32% GFNORTE 191.22 ▲ 2.30% BIMBO 58.22 ▲ 0.47% TELEVISA 9.77 ▲ 0.93% AMX 22.66 ▼ 0.61% GAP 416.34 ▼ 0.94% ASUR 301.98 ▼ 2.18% OMA 222.78 ▼ 1.26% KOF 185.71 ▼ 0.13% GRUMA 292.47 ▼ 0.40% KIMBER 37.60 ▼ 1.36% SQM-B 71,950 ▼ 1.30% COPEC 6,400 ▼ 0.40% BSANTANDER 70.20 ▲ 0.14% FALABELLA 5,719 ▲ 2.13% ENELAM 77.00 ▲ 1.05% CENCOSUD 2,116 ▼ 2.94% CMPC 1,095 — 0.00% BANCO CHILE 169.00 ▼ 1.69% LATAM AIR 22.59 ▲ 0.09% YPF 71,025 ▲ 0.25% GGAL 6,455 ▼ 0.54% PAMPA 4,793 ▼ 0.93% TXAR 638.00 ▲ 0.08% ALUAR 947.00 ▲ 2.05% TGS 8,685 ▼ 1.81% CEPU 2,077 ▼ 3.03% MIRGOR 16,350 ▲ 0.46% COME 43.70 ▼ 2.35% LOMA NEGRA 3,275 ▼ 2.24% BYMA 286.00 ▲ 3.44% TELECOM ARG 3,493 ▼ 1.06% ECOPETROL 13.85 ▼ 0.11% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.10 ▼ 2.88% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.48 ▼ 0.68% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.17 ▼ 0.07% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.98 ▼ 2.18% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.13 ▼ 0.76% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.57 ▼ 0.16% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.47 — 0.00% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.40 ▼ 2.97% AMBEV ADR 3.20 ▼ 2.29% CSN 1.35 ▲ 5.08% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 76,625 ▼ 0.06% ETH 2,095 ▼ 1.00% SOL 84.87 ▼ 0.92% XRP 1.34 ▼ 1.02% BNB 654.83 ▼ 0.13% ADA 0.24 ▼ 1.66% DOGE 0.10 ▼ 1.16% AVAX 9.20 ▼ 1.97% LINK 9.39 ▼ 1.75% DOT 1.25 ▼ 3.07% LTC 52.59 ▼ 1.58% BCH 347.95 ▼ 2.12% TRX 0.36 ▲ 0.63% XLM 0.15 ▼ 1.42% HBAR 0.09 ▼ 1.90% NEAR 2.46 ▲ 0.26% ATOM 2.04 ▼ 3.40% AAVE 85.18 ▼ 1.61% SELIC 14.50% EMBRAER 72.33 ▲ 2.15% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.24 ▲ 0.44% MBRF3 16.60 ▼ 4.05% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75% IBOV 176,210 ▼ 0.81% IPSA 10,564 ▼ 0.34% IPC MEX 68,333 ▼ 0.07% MERVAL 2,846,220 ▼ 1.08% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.02 ▼ 0.38% USD/MXN 17.27 ▼ 0.36% USD/CLP 900.71 ▼ 0.09% USD/COP 3,684 ▲ 0.78% USD/PEN 3.42 ▼ 0.05% USD/ARS 1,399 ▼ 0.14% USD/UYU 39.92 — 0.00% USD/PYG 6,064 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 58.86 — 0.00% USD/CRC 451.95 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.61 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 529.18 ▼ 0.13% USD/PAB 1.00 ▲ 2.23% USD/BZD 2.00 ▲ 1.66% USD/JMD 156.58 ▲ 0.46% USD/TTD 6.71 ▲ 0.87% EUR/BRL 5.84 ▲ 0.28% BRENT 100.21 ▼ 2.31% WTI 96.60 ▲ 0.26% IRON ORE 161.91 — — COPPER 6.38 ▲ 1.95% GOLD 4,523 ▼ 0.37% SILVER 76.20 ▼ 0.28% SOY 1,197 ▲ 0.19% CORN 463.25 ▲ 0.22% WHEAT 646.25 ▼ 0.19% COFFEE 264.00 ▼ 3.44% SUGAR 14.68 ▼ 1.48% ORANGE JUICE 166.80 ▲ 0.12% COTTON 77.34 ▼ 0.82% COCOA 3,886 ▲ 3.16% BEEF 239.60 ▼ 3.83% CATTLE 349.85 ▼ 5.22% LITHIUM 85.28 ▲ 1.07% PETR4 44.48 ▼ 1.05% VALE3 83.10 ▲ 0.57% ITUB4 39.43 ▼ 1.72% BBDC4 17.62 ▼ 1.56% ABEV3 16.10 ▼ 1.83% BBAS3 20.94 ▲ 0.58% B3SA3 16.66 ▼ 2.12% WEGE3 42.73 ▲ 0.61% PRIO3 68.40 ▲ 0.59% SUZB3 41.70 ▼ 1.33% RENT3 43.35 ▼ 1.57% AZZA3 20.72 ▲ 3.86% CSAN3 4.29 ▼ 2.50% RAIZ4 0.39 — 0.00% PCAR3 2.08 ▼ 1.42% GMAT3 4.39 ▼ 0.90% PSSA3 49.17 ▼ 0.59% CVCB3 1.77 ▼ 0.56% POSI3 4.06 ▼ 0.73% SLCE3 16.07 ▼ 2.61% NATU3 10.10 ▼ 0.98% BRKM5 11.97 ▼ 0.50% RANI3 8.08 ▲ 0.25% CSNA3 6.73 ▲ 6.15% CMIN3 4.48 ▲ 1.13% USIM5 10.35 ▲ 5.61% GGBR4 24.01 ▲ 2.17% ENEV3 24.96 ▼ 2.19% NEOE3 33.80 — 0.00% CPFE3 43.31 ▼ 0.89% CMIG4 11.22 ▼ 1.23% EQTL3 37.67 ▼ 1.23% LREN3 15.07 ▲ 1.48% VIVT3 34.81 ▼ 1.36% RAIL3 14.21 ▼ 3.14% KLABIN 16.46 ▼ 0.30% RAIA DROGASIL 18.19 ▼ 2.47% RDOR3 34.07 ▼ 1.50% HAPV3 12.05 ▼ 2.35% FLRY3 15.69 — 0.00% SMTO3 17.60 ▼ 0.23% UGPA3 28.70 ▼ 1.54% VBBR3 32.75 ▼ 1.98% BBSE3 34.47 ▼ 0.78% BPAC11 53.93 ▼ 0.81% CURY3 30.53 ▼ 2.15% AERI3 2.40 ▲ 5.26% VIVARA 22.19 ▼ 0.58% COMPASS 26.90 ▼ 0.41% VAMOS 3.25 ▼ 3.56% SANB11 27.10 ▼ 1.78% ASAI3 8.44 ▼ 0.47% SBSP3 28.46 ▼ 0.56% WALMEX 55.53 ▲ 0.43% GMEXICO 205.95 ▲ 1.44% FEMSA 209.93 ▼ 0.21% CEMEX 21.83 ▲ 0.32% GFNORTE 191.22 ▲ 2.30% BIMBO 58.22 ▲ 0.47% TELEVISA 9.77 ▲ 0.93% AMX 22.66 ▼ 0.61% GAP 416.34 ▼ 0.94% ASUR 301.98 ▼ 2.18% OMA 222.78 ▼ 1.26% KOF 185.71 ▼ 0.13% GRUMA 292.47 ▼ 0.40% KIMBER 37.60 ▼ 1.36% SQM-B 71,950 ▼ 1.30% COPEC 6,400 ▼ 0.40% BSANTANDER 70.20 ▲ 0.14% FALABELLA 5,719 ▲ 2.13% ENELAM 77.00 ▲ 1.05% CENCOSUD 2,116 ▼ 2.94% CMPC 1,095 — 0.00% BANCO CHILE 169.00 ▼ 1.69% LATAM AIR 22.59 ▲ 0.09% YPF 71,025 ▲ 0.25% GGAL 6,455 ▼ 0.54% PAMPA 4,793 ▼ 0.93% TXAR 638.00 ▲ 0.08% ALUAR 947.00 ▲ 2.05% TGS 8,685 ▼ 1.81% CEPU 2,077 ▼ 3.03% MIRGOR 16,350 ▲ 0.46% COME 43.70 ▼ 2.35% LOMA NEGRA 3,275 ▼ 2.24% BYMA 286.00 ▲ 3.44% TELECOM ARG 3,493 ▼ 1.06% ECOPETROL 13.85 ▼ 0.11% BANCOLOMBIA 65.88 ▼ 0.66% GRUPO AVAL 4.23 ▼ 0.70% CREDICORP 334.10 ▼ 2.88% SOUTHERN COPPER 179.67 ▲ 0.31% BUENAVENTURA 33.48 ▼ 0.68% MERCADOLIBRE 1,664 ▼ 0.80% NUBANK 12.73 ▼ 3.27% XP 16.82 ▼ 6.14% PAGSEGURO 9.14 ▼ 1.93% STONE 11.00 ▼ 0.90% GLOBANT 40.13 ▼ 1.23% TECNOGLASS 41.17 ▼ 0.07% GAP AIRPORT 240.40 ▼ 1.52% ASUR 301.98 ▼ 2.18% OMA AIRPORT 103.21 ▼ 1.38% AMX ADR 26.13 ▼ 0.76% FEMSA ADR 121.28 ▼ 0.10% CEMEX ADR 12.57 ▼ 0.16% PETROBRAS ADR 19.90 ▼ 0.65% VALE ADR 16.47 — 0.00% ITAU ADR 7.82 ▼ 2.25% SANTANDER BR 5.40 ▼ 2.97% AMBEV ADR 3.20 ▼ 2.29% CSN 1.35 ▲ 5.08% GERDAU 4.75 ▲ 1.06% LATAM ADR 49.89 ▼ 2.06% BTC 76,625 ▼ 0.06% ETH 2,095 ▼ 1.00% SOL 84.87 ▼ 0.92% XRP 1.34 ▼ 1.02% BNB 654.83 ▼ 0.13% ADA 0.24 ▼ 1.66% DOGE 0.10 ▼ 1.16% AVAX 9.20 ▼ 1.97% LINK 9.39 ▼ 1.75% DOT 1.25 ▼ 3.07% LTC 52.59 ▼ 1.58% BCH 347.95 ▼ 2.12% TRX 0.36 ▲ 0.63% XLM 0.15 ▼ 1.42% HBAR 0.09 ▼ 1.90% NEAR 2.46 ▲ 0.26% ATOM 2.04 ▼ 3.40% AAVE 85.18 ▼ 1.61% SELIC 14.50% EMBRAER 72.33 ▲ 2.15% EMBRAER ADR 57.58 ▲ 1.88% JBS 13.21 ▼ 0.53% JBS BDR 66.24 ▲ 0.44% MBRF3 16.60 ▼ 4.05% MBRFY 3.34 ▲ 0.30% INTER 6.16 ▼ 3.75%
since 2009
Sunday, May 24, 2026

Can a Bolsonaro Win Brazil’s Center? Flávio Is Betting Yes

By · February 19, 2026 · 3 min read

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Key Points
Internal polling showed moderate voters wrongly associate Flávio with the military — a career he never held — prompting the senator’s campaign team to soften his messaging and move toward the political center
Flávio recently praised Carnival, defended soccer star Vinícius Júnior against racism, and endorsed a pro-LGBT message — a sharp departure from the combative rhetoric that defined his father Jair Bolsonaro’s rise to power
Polls show Flávio closing the gap with President Lula to five points in a potential runoff, but 62% of voters say they would not vote for him — making centrist outreach essential to his viability

Senator Flávio Bolsonaro, the presidential pre-candidate of Brazil’s right, is doing something his father never bothered to try: courting voters who don’t already agree with him. Internal polling has triggered a deliberate shift in tone, with his campaign team concluding that moderate voters wrongly associate Flávio with militarism — a career he never had.

In qualitative interviews, swing voters barely knew him beyond “Jair Bolsonaro’s son.” That’s a problem for a candidate who needs the center to beat the Workers’ Party in October.

Can a Bolsonaro Win Brazil’s Center? Flávio Is Betting Yes. (Photo Internet reproduction)

Carnival, racism, and the rainbow flag

The rebranding has been rapid. In recent days, Flávio publicly praised Brazilian Carnival as “one of the most popular festivals on the planet” and honored the workers — seamstresses, musicians, blacksmiths, producers — who make it happen. He defended soccer star Vinícius Júnior against racist abuse during a Real Madrid match against Benfica.

Perhaps most striking: his brother Eduardo Bolsonaro shared a pro-LGBT post featuring an AI-generated image of a supporter kissing Flávio‘s cheek in front of a rainbow flag. The caption asked whether anyone had ever heard a homophobic statement from Flávio. The senator liked the post.

For a family whose patriarch built a political career on inflammatory remarks about Black, gay, and female Brazilians, the pivot is unmistakable.

The Lula opening

Flávio also exploited a vulnerability the government created for itself. The samba school Acadêmicos de Niterói honored President Lula in its Carnival parade — in an election year. Lula’s presence at the Sambódromo alongside officials drew accusations of illegal early campaigning. The school finished last and was relegated.

Flávio framed the criticism as nonpartisan, addressing voters who support “neither Bolsonaro nor Lula.” He condemned the use of public funds while defending Carnival itself as culture that “deserves respect.”

Numbers and limits

The strategy has urgency behind it. A Genial/Quaest poll from February showed Flávio trailing Lula by just five points in a hypothetical runoff — down from a 16-point gap in August. But 62% of Brazilians say they would never vote for him. His growth potential lies in the 23% who say they “might” — a centrist, persuadable bloc.

Campaign coordinator Rogério Marinho denies any of this is calculated, calling Flávio “a senator with political sensitivity” whose words reflect spontaneity. Allies are also planning a trip to northern Brazil to meet Indigenous communities. Whether the repositioning is genuine or theatrical, the Bolsonaro brand is attempting something it has never tried before: moderation. This is part of The Rio Times’ daily coverage of Brazil politics and Latin American financial news.

Related coverage: Brazil’s Morning Call | Brazil’s Slowdown Opens the Door for Rate Cuts

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