The news of Dilma’s impeachment vote kneejerk’d stocks and the real higher overnight as the almost unbelievable gains in the circling-the-economic-drain nation’s stock and FX markets extended among the “blood on the streets” dip-buyers. However, things have turned around rather quickly and it appears investors are aggressively selling the news as the collapse of government is suddenly seen as a negative…
Brazilian stocks have swung from up 4.5% to down 3.5%…
And The Real is tumbling…
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