1. Around the corner from Ross’s home, a group of men sat on the shaded stoop of a townhouse, sipping from beer bottles and listening to music. One man who didn’t want to be named said he knew the arrested youth and young man since they were little kids.
2. The Microsoft founder's net worth is $86 billion, up from $75 billion last year.
Many analysts may be surprised at the suggestion that they have underplayed the Fed. The two factors most often cited in relation to EM assets these days are the Fed and China, and the risk that they will deliver a negative shock.