Ever wonder how the uncelebrated ISM Service Report could impact your wallet? Well, curiosity is rewarded in this episode of Markets with Megan. Your host, Megan Horneman, is primed to illuminate the world of the service sector - an essential, yet often overlooked, part of our economy. Unpack the sector's importance and learn about the resilience it has shown in recent months. From medical to financial services, cell phones to transportation, discover these expenses' significant role in our daily lives.

In this episode, we dare to venture into the world of inflation, highlighting the jump in the price-paid component and backlog of orders. We also expose potential cracks in the labor market, with the employment component teetering on the brink of contraction. Megan, Chief Investment Officer for Verdence Capital Advisors, walks us through these developments, their potential implications for the Federal Reserve, and how they might echo in the upcoming employment report. Tune in for an in-depth analysis of economic data you won't find elsewhere and be prepared to reach out with questions or thoughts - we're all ears.

https://youtu.be/L00PAoDcS9g

Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks
or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance
that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any
discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...