Macro Monday: A Market On Edge

The Macro Institute's Weekly Economic Primer

It's clear that the July employment report rattled the markets. It certainly hyper-focused investors on employment stats. The best evidence of that was financial markets' reaction to the Initial Jobless Claims release on Thursday. I can't recall a time when claims moved the markets to that degree, but that's the world we operate in today. There are a lot of data releases on deck next week, including several inflation reports, but it feels like markets have already moved on from that topic. This week, keep a close eye on the regional PMIs – NY Empire Fed Index and the Philly Fed Index – and especially their employment components. Those reports also have the potential to rattle financial markets yet again.

The Macro Week Ahead

The Macro Week In Review

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