So Jair Balsonaro managed to win the Brazilian presidential elections yesterday, thereby kicking out the socialists to make the country’s first far-right administration for thirty years.

He fought a campaign promising to crack down on corruption and crime and markets reacted positively in the hope that he’ll follow through with his promises of reform.

An overhaul of the complicated and costly pension system and the privatisation of nationalised companies are likely to be on the agenda, but we’ll have to wait until the dust settles before we get any kind of detail.

Brazil has been led since the 2016 impeachment of its previous president Dilma Rousseff, by Michel Temer. But then again, given that Temer’s approval ratings in the polls hit a disastrous 2% recently, the writing was on the wall. Brazil voted against corruption, but its new leader is not a stranger to controversy.

Fortnite maker, Epic Games

The other thing I wanted to talk about today was the massive increase in valuation for the company that makes game-of-the-moment Fortnite.

Epic Games was valued at a “mere” $660m as recently as 2012 when China’s Tencent Holdings took a 48% stake, but since shot up to $4.5bn in May and now it’s worth almost $15bn as it got a $1.2bn cash injection from KKR.

I think this is amazing and also quite scary given that there are tons of games companies that have had one mega hit and never been able to replicate the success ever again.

Remember games like Tomb Raider back in the day and then the likes of Candy Crush, Angry Birds, FarmVille etc more recently where the developers concerned did fabulously well but were largely unable to follow it up with something of the same magnitude.

I suspect that everything will continue to go well for now, but there is a MASSIVE hangover brewing in my opinion.