Emerging Money Daily Audio Call June 22 - Global equities party on the back of EU Greek deal momentum that is only a bandaid but a relief for markets that have overpriced in prospect of a Greek exit.
We are NOT in the Grexit camp and think both parties understand the financial and political ramifications of this event. EM equities have a lot to gain from a softer Fed and with Greece in the background therefore you have a window to playing more aggressively from the long side.
Market timing is very difficult to do and thus we give you key levels on the $EEM where we think a break higher will give you a longer runway for trading the asset class via this ETF. China opens tonight after a holiday on Monday.
How will China follow up last week’s bloodbath and liquidity vacuum? Brazil gaining momentum again despite negative headlines on the corruption scandals and probes. We sketch our BZ strategy.
Log into your account and select menu item “Emerging Money Call” for today’s audio call and a full list of archives