This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:
Last week’s market volatility is showing some signs of leveling out.
But the sudden and severe moves in financial markets that had investors reeling on a Sunday night in August left many experts searching for a clean explanation. The Federal Reserve’s decision to hold rates had been well-telegraphed, and the July jobs report was soft but not alarming.
And for US investors, the answer to problems at home might be found by looking abroad.
In a client note on Monday, Capital Economics’ group chief economist Neil Shearing noted that for all the Sturm und Drang about the health of the US economy last week, the problems investors think they’re looking for in America can actually be found in China.
“The economic data have softened, corporate executives are sounding the alarm…
