How Markets Are Reacting to Brazil's Turmoil

The video discusses Brazil's intense political power struggle and its impact on the market, focusing on the potential impeachment of President Dilma Rousseff and the transition of power to Vice President Michel Temer. The market is keenly observing the composition of Temer's cabinet and the potential for economic reforms, such as central bank independence and tax code changes. However, deep-rooted issues like the carwash probe pose significant risks to the economy, affecting various sectors.

What factors contribute to the volatility in Brazilian assets?

What is the significance of the Senate vote mentioned in the text?