This Friday we will get the Employment report, which is expected to be above 200,000 jobs created and for the Unemployment Rate to hold steady at 5.3%. You can see from the chart below the Unemployment Rate is at a relatively low level and does not justify the Fed remaining with a 0%-.25% Fed Funds rate.

We believe the Fed will likely raise rates in either September or December, which was not made completely clear last week after the Fed met. We would argue the Fed is concerned about international issues, but have their fingers on the trigger. When they start raising rates it will be difficult for them to stop without causing more concerns.

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Market in a Minute 2015-8-4