Concerns about Greece and its potential impact on the global banking system continue to dominate the financial trade.
Some think that there will be some resolution this week because of the US holiday on Monday. That is possible.
If there is a positive resolution the equity markets will rally very hard. On the other hand if Greece withdraws from the euro, and perhaps even the EU altogether, there may be bank runs which the authorities will work very hard to circumvent and ring fence.
Most likely outcome is nothing will happen just yet although one must respect the possibilities for some exogenous event.
