Markets with Megan: A Quick Financial Markets Update

Key Takeaways from the ISM Services Report | Episode 054 | 10-04-23


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Megan unpacks the recent ISM Services report, a pivotal measure of the US service sector. This sector accounts for a significant portion of our expenditures, so any shifts in its performance are crucial. Despite remaining in expansion territory, there was a noticeable decline in September. Megan reviews the data, highlighting concerning drops in new orders and employment—both of which serve as leading indicators for consumer spending and the labor market. Stay informed about these subtle yet impactful changes that could influence the economic landscape in the upcoming months. 

https://youtu.be/SWw_9UBWwmE

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...

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Markets with Megan: A Quick Financial Markets UpdateBy Megan Horneman

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