Emerging Money Daily Audio Call August 15 - We preview the week ahead that is punctuated by Fed Speak and Fed Minutes.

Phone AudioWe see little scope for change in policy or approach but we continue to see scope for adding to vol positions to protect for September and beyond.

Oil (USO, quote) continues to catch most people by surprise with its resilience.  We are now watching the upper end of the range on Brent (BNO, quote) after a 2 week move that has been nothing short of impressive.

Emerging Markets (EEM, quote) outperforms and China (FXI, quote) may have big cap ADR opportunities in abundance.

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