January 2021 ISM and Markit Services Surveys Improved
Analyst Opinion of the ISM and Markit Services Survey
I have a hard time believing services are in expansion with many restaurants, bars, and gyms running nowhere near full potential - and parts of the country have returned to lockdown.
From Econoday:
Output and new order growth regain momentum
Fastest increase in cost burdens on record
Slowest rise in employment since July 2020
January PMITM data signalled a sharper expansion in business activity across the U.S. service sector. Excluding November s recent high, the latest upturn was the fastest since March 2015, amid a stronger rise in new business. Foreign client demand also picked up, as new export orders returned to growth. Despite a notable improvement in business confidence, the rate of job creation eased as pressure on capacity dwindled and concerns regarding the short-term outlook remained. Meanwhile, cost burdens soared once again, with the rate of input price infl
US Services Surveys Soar Amid Inflationary Surge In Costs
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2/3/2021 1:49:02 PM GMT
Things you need to know.
Markets UP, Rebellion stocks DOWN..and Bezos is OUT! (his choice)
AMZN and GOOG blow the house right off the foundation!
Oil kisses and pierces $55/barrel.Goldy re-its $65/barrel by summer 2021
Mark Cuban opines on GME, I push back.. Waiting for his call...
Try the Rigatoni.
BOOM!..And it was an explosion yesterday! Both UP and DOWN as investors tried to sort it all out and concentrate on the fundamentals when deciding where to put their hard-earned dollars. AMZN and GOOG.. BLEW THE DOORS, THE WINDOWS AND THE ROOF OFF THE HOUSE – when they reported their earnings after the bell – both rose in the afterhours session adding to the gains seen during the day....Then the news hit the tape...