U.S.-listed Brazilian stocks are getting a serious boost after Flavio Bolsonaro outperformed expectations in Brazil’s first-round presidential election. $PBR jumped around 10% in premarket trading, while $BBD, $ITUB, $NU, $VALE and $EMBJ also moved sharply higher.

The market clearly sees the election result as a potential catalyst, but there’s still another round to go. I’m curious to see whether this rally has legs or if investors start taking profits. Would you buy the Brazil trade here, or wait for more clarity?