Week In Review – September 7


Commentary:  Global markets are starting to feel the strain of the turmoil in emerging markets.  The U.S. employment report confirmed inflation on the rise and spooking bond markets. Tighter global money to come.

All eyes on U.S./China trade war this week. Expect more weakness next week unless a major break in tariff battle.   The S&P500 close slightly below the January high, which took almost seven months to recapture.  Monitor 2873ish  level closely as the breakout could have been a bull trap.  See chart below.



Employment Payrolls Chart











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