Emerging Money Daily Audio Call August 3 – Markets are starting to feel like the euphoria zone is giving way to the realized vol zone.
How are you going to react to the next spike in vol that is around the corner?
Data in the US will not be your issue based on today’s ADP, ISM and Fridays payroll numbers in our view.
We spend more time on oil as the pressure from the peanut gallery builds. Meanwhile EM holding serve for now as the Dollar meanders. We are comfortable with this view even if the trade can go in sympathy with broader market conditions that are leaning softer.
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