Emerging Money Daily Audio Call June 15 - This week the Fed meets and markets are pricing in more volatility right now despite the expectation of the Fed doing nothing.
Europe is the focus right now where rates in the periphery are backing up today vs Germany. Greece meanwhile gets that much closer to an IMF default. A rates adjustment has turned to a credit assessment in Europe. How can you defend your portfolio?
EM markets waiting patiently for the Fed to hike and trying to hold key levels on the $EEM ahead of the expected September US rate hike. EM currencies are outperforming the Dollar and local markets are where we find the weakness.
Energy trades lower but there is relative value within the space and Europe gives opportunity – tune in for trade ideas.
Have a great week.
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