Hopes for a deal to keep Greece in the euro zone pushed stocks higher despite looming default fears that weighed on the euro. Treasury yields edged higher. Bets for strong summer demand helped oil recover earlier losses and gold slipped.
Demand for protection from growing credit risks in emerging markets has increased dramatically in the past six months propelled by an apparent investor belief that the worst may still not be over for the struggling asset class.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.