In our second episode today, Megan Horneman looks into the ISM Manufacturing Index released today, February 1st. Megan highlights the trend of the manufacturing sector remaining in contraction for the past 15 months, staying below 50 on the index. However, she brings positive news as the index has increased to its highest level since October 2022. Megan also emphasizes a significant uptick in new orders, the most substantial since June 2020, signaling economic improvement. She addresses the Fed's potential focus on the surge in prices paid, the largest increase since December 2020, posing inflationary concerns. Tune in tomorrow as we discuss the implications of the jobs report on the Fed and equity markets. For any questions or comments, reach out to us at podcast at Verdence dot com.

Watch today's episode here: https://youtu.be/SqG5ICIKuW8

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...