IBOV 167,950.36 ▼ 2.46% IPSA 11,082.75 ▼ 1.65% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,012,063 ▼ 3.52% COLCAP 2,427.20 ▲ 2.31% BVL PERÚ 59,693.55 ▼ 1.73% USD/BRL5.16▲ 0.99% USD/MXN17.08▼ 0.32% USD/CLP913.88▼ 0.37% USD/COP3,129▼ 0.84% USD/PEN3.38▼ 0.05% USD/ARS1,491▼ 0.53% USD/UYU40.23▲ 1.56% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.00▲ 0.85% USD/CRC447.79▲ 1.51% USD/GTQ7.62▲ 2.47% USD/HNL26.78▲ 1.86% USD/NIO36.62▲ 1.01% USD/VES759.31▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.40▲ 0.40% USD/TTD6.71▲ 1.22% EUR/BRL5.96▲ 1.51% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 ▼ 2.57% SELIC 14.00% EMBRAER 93.08 ▼ 1.67% EMBRAER ADR 71.88 ▼ 2.61% JBS 13.12 ▼ 2.20% JBS BDR 67.46 ▼ 2.10% MBRF3 15.47 ▼ 2.95% MBRFY 2.95 ▼ 4.84% INTER 5.13 ▼ 4.21% EGX 54,829 ▼ 0.09% USD/ZAR16.21▲ 0.05% USD/NGN1,360▼ 0.09% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY159.26▼ 0.03% USD/CNY6.75▼ 0.01% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD1.15▲ 0.03% GBP/USD1.35▲ 0.11% SPX 7,735 ▼ 0.23% DJI 53,897 ▼ 0.15% NDX 29,524 ▼ 0.33% RUT 3,030 ▲ 0.43% TSX 36,503 ▲ 0.12% VIX 15.41 ▼ 0.32% USD/CAD1.39▼ 0.15% US10Y 4.6840 ▼ 0.32% IBOV 167,950.36 ▼ 2.46% IPSA 11,082.75 ▼ 1.65% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,012,063 ▼ 3.52% COLCAP 2,427.20 ▲ 2.31% BVL PERÚ 59,693.55 ▼ 1.73% USD/BRL 5.16 ▲ 1.01% USD/MXN 17.10 ▼ 0.22% USD/CLP 913.58 ▼ 0.40% USD/COP 3,116 ▼ 1.26% USD/PEN 3.38 ▼ 0.09% USD/ARS 1,493 ▼ 0.39% USD/UYU 40.23 ▲ 1.56% USD/PYG 5,925 ▲ 1.88% USD/BOB 11.72 ▲ 0.37% USD/DOP 58.20 ▲ 1.20% USD/CRC 447.79 ▲ 1.51% USD/GTQ 7.62 ▲ 2.47% USD/HNL 26.78 ▲ 1.86% USD/NIO 36.62 ▲ 1.01% USD/VES 759.31 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.39% USD/TTD 6.71 ▲ 1.22% EUR/BRL 5.95 ▲ 1.45% BRENT 88.61 ▲ 1.01% WTI 83.09 ▲ 1.17% IRON ORE 161.91 — — COPPER 6.63 ▲ 0.60% GOLD 4,444 ▲ 1.89% SILVER 65.10 ▼ 0.01% SOY 1,168 ▲ 0.86% CORN 460.75 ▲ 5.13% WHEAT 629.25 ▼ 1.76% COFFEE 314.20 ▼ 5.45% SUGAR 16.68 ▲ 1.28% ORANGE JUICE 139.60 ▼ 1.59% COTTON 83.79 ▲ 1.29% COCOA 5,665 ▼ 2.68% BEEF 226.88 ▼ 2.74% CATTLE 345.60 ▼ 1.47% LITHIUM 74.08 ▼ 0.88% PETR4 41.35 ▼ 2.08% VALE3 74.56 ▲ 0.89% ITUB4 39.42 ▼ 2.47% BBDC4 16.90 ▼ 1.63% ABEV3 15.04 ▼ 1.51% BBAS3 19.55 ▼ 2.40% B3SA3 14.29 ▼ 2.59% WEGE3 47.12 ▼ 1.07% PRIO3 59.37 ▼ 3.05% SUZB3 40.61 ▼ 1.65% RENT3 35.00 ▼ 3.58% AZZA3 16.45 ▼ 1.79% CSAN3 3.38 ▼ 2.03% RAIZ4 0.25 — 0.00% PCAR3 2.71 ▼ 4.58% GMAT3 3.68 — 0.00% PSSA3 49.00 ▼ 1.41% CVCB3 1.36 ▼ 4.23% POSI3 3.32 ▼ 5.14% SLCE3 13.28 ▼ 0.67% NATU3 8.31 ▲ 2.85% BRKM5 5.73 ▼ 0.35% RANI3 7.96 ▼ 0.75% CSNA3 4.28 ▼ 4.04% CMIN3 5.41 ▼ 0.92% USIM5 6.87 ▼ 4.05% GGBR4 24.29 ▼ 3.80% ENEV3 24.66 ▼ 2.61% CPFE3 43.58 ▼ 1.85% CMIG4 10.58 ▼ 0.94% EQTL3 35.89 ▼ 2.39% LREN3 12.12 — 0.00% VIVT3 30.13 ▼ 1.37% RAIL3 13.02 ▼ 1.51% KLABIN 17.59 ▼ 1.51% RAIA DROGASIL 18.30 ▼ 5.57% RDOR3 33.15 ▼ 2.41% HAPV3 10.09 ▼ 2.04% FLRY3 18.50 ▲ 0.44% SMTO3 15.48 ▲ 3.55% UGPA3 31.01 ▲ 0.03% VBBR3 33.27 ▼ 0.51% BBSE3 37.35 ▼ 2.30% BPAC11 50.46 ▼ 6.31% CURY3 31.49 ▼ 0.63% AERI3 2.28 ▼ 1.30% VIVARA 21.02 ▼ 2.87% COMPASS 22.19 ▼ 1.47% VAMOS 2.86 ▼ 1.72% SANB11 29.42 ▲ 0.58% ASAI3 7.98 ▼ 0.99% SBSP3 26.06 ▼ 1.85% WALMEX 48.34 ▲ 0.33% GMEXICO 222.28 ▼ 1.13% FEMSA 202.06 ▼ 1.76% CEMEX 19.12 ▼ 1.85% GFNORTE 193.42 ▼ 1.89% BIMBO 61.68 ▲ 0.15% TELEVISA 9.70 ▼ 2.71% AMX 20.18 ▼ 1.46% GAP 365.49 ▼ 1.29% ASUR 271.39 ▼ 1.18% OMA 232.25 ▼ 0.10% KOF 185.16 ▼ 0.78% GRUMA 255.01 ▲ 0.02% KIMBER 39.93 ▼ 0.92% SQM-B 65,727 ▼ 1.83% COPEC 6,030 ▼ 1.18% BSANTANDER 79.88 ▼ 2.35% FALABELLA 6,321 ▼ 1.84% ENELAM 87.10 ▼ 0.46% CENCOSUD 1,980 ▼ 3.41% CMPC 1,038 ▲ 0.25% BANCO CHILE 188.93 ▼ 0.44% LATAM AIR 24.47 ▼ 1.29% YPF 7,920 ▼ 1.80% GGAL 7,075 ▼ 3.87% PAMPA 5,175 ▼ 1.24% TXAR 764.50 ▲ 1.33% ALUAR 954.00 ▲ 0.26% TGS 9,150 ▼ 1.93% CEPU 2,137 ▼ 2.33% MIRGOR 1,655 ▼ 2.07% COME 42.95 ▲ 0.14% LOMA NEGRA 3,150 ▼ 3.37% BYMA 286.50 ▼ 0.09% TELECOM ARG 4,355 ▼ 3.65% ECOPETROL 16.91 ▼ 0.82% BANCOLOMBIA 99.23 ▲ 8.48% GRUPO AVAL 5.31 ▲ 0.47% CREDICORP 377.45 ▼ 1.25% SOUTHERN COPPER 191.37 ▼ 4.37% BUENAVENTURA 34.50 ▼ 0.23% MERCADOLIBRE 1,922 ▲ 5.37% NUBANK 13.58 ▼ 2.02% XP 15.62 ▼ 3.61% PAGSEGURO 8.98 ▼ 1.16% STONE 10.14 ▼ 2.27% GLOBANT 39.08 ▲ 1.37% TECNOGLASS 42.82 ▲ 3.36% GAP AIRPORT 213.25 ▼ 1.35% ASUR 271.39 ▼ 1.18% OMA AIRPORT 108.50 ▼ 0.03% AMX ADR 23.52 ▼ 1.55% FEMSA ADR 118.01 ▼ 1.59% CEMEX ADR 11.14 ▼ 1.46% PETROBRAS ADR 17.96 ▼ 2.05% VALE ADR 14.41 ▼ 3.26% ITAU ADR 7.61 ▼ 3.44% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.87 ▼ 2.35% CSN 0.85 ▼ 5.45% GERDAU 4.73 ▼ 4.74% LATAM ADR 53.35 ▼ 0.73% BTC 63,430 ▼ 0.75% ETH 1,862 ▼ 0.48% SOL 74.91 ▼ 1.36% XRP 1.01 ▼ 0.12% BNB 609.12 ▲ 1.74% ADA 0.19 ▼ 2.98% DOGE 0.07 ▲ 1.06% AVAX 6.22 ▼ 3.28% LINK 8.55 ▲ 3.15% DOT 0.78 ▼ 2.74% LTC 45.03 ▼ 0.18% BCH 211.80 ▼ 0.62% TRX 0.33 ▲ 1.19% XLM 0.16 ▼ 0.70% HBAR 0.07 ▼ 2.34% NEAR 1.55 ▼ 3.38% ATOM 1.42 ▲ 1.77% AAVE 86.84 ▼ 2.57% SELIC 14.00% EMBRAER 93.08 ▼ 1.67% EMBRAER ADR 71.88 ▼ 2.61% JBS 13.12 ▼ 2.20% JBS BDR 67.46 ▼ 2.10% MBRF3 15.47 ▼ 2.95% MBRFY 2.95 ▼ 4.84% INTER 5.13 ▼ 4.21% EGX 54,829 ▼ 0.09% USD/ZAR 16.20 ▲ 0.09% USD/NGN 1,360 ▲ 0.10% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY 159.26 ▲ 0.02% USD/CNY 6.7328 ▼ 0.07% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD 1.1543 ▼ 0.03% GBP/USD 1.3506 ▼ 0.01% SPX 7,735 ▼ 0.23% DJI 53,897 ▼ 0.15% NDX 29,524 ▼ 0.33% RUT 3,030 ▲ 0.43% TSX 36,503 ▲ 0.12% VIX 15.41 ▼ 0.32% USD/CAD 1.3918 ▼ 0.11% US10Y 4.6840 ▼ 0.32%
since 2009
Tuesday, August 11, 2026

Opinion: Bolsonaro’s Resilience – More Than Just Charisma

By · December 26, 2023 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

(Opinion) Jair Bolsonaro’s unshaken popularity, despite legal hurdles and losing office eligibility, paints a complex picture of Brazil’s political landscape.

In 2023, he continued to draw crowds nationwide, aiming to stay politically relevant with an eye on upcoming elections.

This indicates that, for many, his legal issues and the Superior Electoral Court’s ruling have not diluted his appeal.

However, his sway in Congress has seen a decline, especially during critical legislative sessions.

Bolsonaro’s ability to maintain a fervent base has various facets.

His public appearances, like the warm reception in Buenos Aires and Luziânia, reflect a continued, passionate support base.

PL Party leader Valdemar Costa Neto’s remarks about Bolsonaro’s extraordinary popularity underscore this sentiment.

Yet, this support doesn’t always translate into legislative success, as seen in the Liberal Party’s struggles to influence key votes in Congress.

While his charisma is undeniable, examining the broader implications of his sustained influence is crucial.

 Bolsonaro's Resilience - More Than Just Charisma. (Photo Internet reproduction)
Bolsonaro’s Resilience – More Than Just Charisma. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

Critics argue that his polarizing style has deepened divisions within Brazilian society.

They point out that his tenure was marked by controversial policies and statements, which have impacted the country’s political discourse.

On the other hand, supporters laud him for championing conservative values and providing a counter-narrative to traditional politics.

They see his legal battles as a political witch hunt, further entrenching their support.

This dichotomy reflects a deeply divided nation, where Bolsonaro remains a symbol of defiance against the status quo for many.

Brazil navigates these turbulent waters

Political analysts emphasize the importance of understanding the charismatic leader’s role in a democracy.

While charisma can be a powerful tool for mobilization, it also raises concerns about populism and its effects on institutional integrity and political discourse.

Bolsonaro’s case offers a vivid example of how personal appeal can persist despite institutional judgments and political setbacks.

Looking ahead, the Liberal Party’s strategy to capitalize on Bolsonaro’s popularity for the 2024 elections might pay off, but it’s a gamble.

It assumes that his personal appeal can overcome the party’s recent legislative defeats and any potential shifts in public opinion.

As Brazil navigates turmoil, the interplay of Bolsonaro’s charisma, legal issues, and political dynamics will remain under intense debate and scrutiny.

His journey reflects a quest for political survival and the enduring power of personality in shaping a nation’s destiny.

The Bolsonaro phenomenon, with all its complexities and contradictions, offers a profound case study of leadership, loyalty, and the unpredictable nature of public opinion.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.