An international economic overview from Bonddad: International Week in Review: The Sky Is Not Falling, But the Calculus Has Changed. Excerpt:
At times like this, gloom and doom commentary begins to take center stage as “sky is falling” headlines become click bait for various websites. Unfortunately for the bearish crowd a careful analysis indicates we are not near a major, cataclysmic market or economic event. However, it is clear that the underlying calculus regarding macro-economic analysis has changed, caused by a combination of increased geopolitical conflict, potentially higher interest rates in the US and UK and the ripple effects from this development, and growing economic concern regarding the EU, Japan and, to a lesser extent Australia.
• At 10:00 AM ET, the Job Openings and Labor Turnover Survey for August from the BLS. Jobs openings decreased slightly in July to 4.673 million from 4.675 million in June.
• At 3:00 PM, Consumer Credit for August from the Federal Reserve. The consensus is for credit to increase $20.5 billion.