Emerging Money Daily Audio Call  July 2 - Global markets are sideways to slightly higher into a long weekend as Greece headlines are status quo and US Payrolls were calm.

Phone AudioWe discuss market positioning and where the “Black Swans” of the week – see PR, China and of course Greece are more sideshows in a tense global asset allocation crossroads. 

Bonds continue to see outflows but we are not sure how aggressive you should be selling rates at these levels.  We expect some flight to quality to continue but also see limitations to how high yields can move with every global CB still near their triggers. 

We review the first half performance within EM and global markets.  EM holds serve and still well positioned for a 2H outperformance if we can step forward on Fed hikes. 

Interesting test of 96.25 again today on the USD and we say buy the breakout from here… 

Have a great holiday if you're not plugged in tomorrow.

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