ISM Services

Fundamentals 9/6: Rate Lows Hold To Open Week

ISM Service Sector -Index for August was 53.3 vs. 52.7 in July. -Readings above 50 signal expansion in non-manufacturing sectors -Ten of the 18 service sectors reported growth. -U.S. service sector employs about 4 of every 5 U.S. workers. -Prices spiked, continuing a 25mo trend –Full report Last Friday the yield on the 10-year Treasury

Fundamentals 8/3: Long Way From Jobs Recovery

Jobs ADP private jobs for July +114,000. It is hard to get an accurate estimate for Friday’s BLS jobs report from the ADP report, and BLS is what counts. Last month BLS private jobs was 100,000 less than ADP. Also, it is likely that there will be a continuing loss of public jobs at the