Lula's fourth term must begin before inauguration

Lula's victory did not end the election but began a phase of demands, as his reelection was driven by youth protests and André Janones' WhatsApp campaign that boosted voter turnout, defeating Flávio Bolsonaro by a larger margin than in 2022. The electoral turnaround did not erase reasons for the government's low approval, making clear Lula must govern beyond his reelected base, with his promise of a completely different fourth term needing to start before January. The day after the election, the stock market plunged and the dollar soared, while in Brasília the centrão began considering joining the reelected government.