Breaking headlines on O Globo tell of escalating violence. After overnight incidents left buses and cars burning, it is now reported that attackers set a bus on fire with the driver and passengers on board and prevented them from exiting. The occupants of the bus survived but suffered burns.
A note was found by police on one of the buses burned last night, reading “if the police keep this up there won’t be any World Cup, and there won’t be any Olympics.”
Twitter reports “ipanema” and “Sergio Cabral” (the governor of Rio state) are global Trending Topics, as violence continues across the city of Rio de Janeiro.
Today’s police operations in the favelas have resulted in 13 deaths so far. About 13 persons have been taken into custody and small arms and explosives have been confiscated. That brings the death toll to 21 dead since Sunday including a 14 year old girl. Over 150 have been detained in the last 3 days.
Speaking in a press conference right now a police colonel says there are currently 7,000 police in the streets of Rio, including helicopter and armored vehicle support. This is a serious military action.
The criminal groups are promising a “Super Saturday.” As bad as things hings could get truly ugly.
From a quantitative perspective, Brazil's Bovespa is bearish TRADE and bullish TREND - for now. Last night it tested a TREND line breakdown, closing below its TREND line of 68,826. It is trading slightly above that intraday, but we'll need to see it close above the TREND line for bullish confirmation.
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