Tuesday, May 10, 2016

WEDNESDAY 5/11/16; CSIQ; M; WEN; Italian Banks Selloff; 10-Year Note Auction; US Stocks Selloff; CTRP; JACK; SINA

US futures are flat. S&P -1. 

[Text is Redacted: Purchase May 2016-05 to Read the Complete Chronology]

Brazil’s Senate is voting on Rousseff’s impeachment. She is expected to lose the vote and will be removed from office and placed on trial for impeachment. The process will continue for several more months but Rousseff will be out of power. EWZ sits at three-month highs. Brazilians are demonstrating in the streets as the vote occurs. Fights and violence breaks out. Police fire tear gas to control crowds. Social unrest increases around the world.

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