MSCI EM Equity

On Sunday, Roger Federer did what many in recent years said was impossible, when he won his record, 8th Wimbledon title, defeating Croatia's Cilic in straight sets.

Bored as you wait for Yellen's Wednesday testimony? Finding yourself switching over to Wimbledown every now and then? Not only are you not alone (Bloomberg has a note out overnight titled "Fedspeak Takes Second Place to Wimbledon Fed"), but you may actually be conducting "fundamental analysis."  As Bloomberg's macro commentator Marc Dumore explains, "there’s some historical evidence that investors might be better off watching the other Fed’s performance at Wimbledon."

Here is Cudmore's explanation why.