Wake Me Up When the Fed Raises Rates

+  Intro: Investors will be watching for the latest developments out of China after another volatile week. Traders will also be turning their attention to Consumer Credit and PPI during the holiday shortened week

+  Volatility: The previous week was the 2nd week in a row of extreme volatility as the broader markets fell close to 3% on Tuesday (9/1). Traders will watch to see if we have any more extreme days after last week’s roller coaster. The VIX closed last week above 27, which is still a level of concern

+  China: The Chinese markets fell on Tuesday (9/1) after reporting disappointing manufacturing data sending global markets lower. Chinese markets were closed Thursday and Friday (9/3&4) for their military parade commemorating their WW2 victory over Japan. Traders will be watching for any additional signals out of Beijing to help prop their slowing economy

+  Oil: Last week, oil spiked on OPEC’s readiness to talk on output levels, than dropped the next day on weak Chinese manufacturing. Traders will watch to see if oil has leveled off or if volatility continues

 

MONDAY (9/7)

  • US and Canadian banks were closed in observance of Labor Day

TUESDAY (9/8)

  • 3:00 PM ET – Consumer Credit - Jul
  • National Australia Bank Business Confidence
  • China Trade Balance

WEDNESDAY (9/9)

  • 10:00 AM ET – JOLTS Job Openings - Jul
  • 10:30AM ET – Crude Oil Inventories
  • Great Britain Manufacturing Production
  • Bank of Canada Rate Statement
  • Canada Building Permits

THURSDAY (9/10)

  • 8:30 AM ET - Weekly Jobless Claims
  • 8:30 AM ET - Import/Export Prices - Aug
  • 10:00 AM ET – Wholesale Inventories Jul
  • Reserve Bank of New Zealand Rate Statement and Press Conference
  • Australia Unemployment Rate & Employment Change
  • China CPI
  • Bank of England Rate Statement 

FRIDAY (9/11)

  • 8:30 AM ET - PPI – Aug
  • 8:30 AM ET – Michigan Sentiment - Sep
  • 2:00 PM ET – Treasury Budget - Aug
  • Eurogroup Meetings
  • Earnings: Kroger