Colas remains keen on the US and Emerging sectors in particular.
Fed repo market action boosts cryptos.
She begins term effective October 1.
The New York Fed has hired search firms Spencer Stuart and Bridge Partners.
Market sentiment remains strong as traders see little near-term risk.
Traders continue to grapple with economic, interest rate and geopolitical concerns.
Stocks cling to higher levels while fixed-income securities slide.
Stocks continue to drift higher amid dearth of selling and low volatility.
Storms could cloud traders' appetites and FOMC rate hike resolve.