Prior was 54.1 Employment 52.3 vs 51.3 prior New orders 51.3 vs 54.2 prior Prices paid 60.4 vs 64.4 prior Business activity 54.5 vs 58.2 prior Supplier deliveries 53.0 vs 52.5 prior Inventories 47.5 vs 49.4 prior Backlog of orders 44.8 vs 44.3 prior New export orders 52.0 vs 50.1 prior Imports 49.8 vs 50.7 prior Inventory sentiment 53.5 vs 53.4 prior This isn't the post-election boom I was promised but the report highlights poor weather and tariff worries. The US dollar is lower on the report and Treasury yields are at the lows of the day with 10s now down 10 bps to 4.41%. "ISM Services January at 52.8, Some Indicators Weaken, Economy Stable in Certain Sectors" - **Construction**: "Expecting significant projects to move into execution by the second quarter in the U.S. energy market." - **Educational Services**: "Business conditions seem stable at this time." - **Health Care & Social Assistance**: "Seeing announcements from suppliers about higher prices for 2025. Relying more on analytics to minimize cost impact while maintaining quality." - **Information**: "The paper market is tightening on groundwood grades. North American mills are pushing delivery dates into late February. It's not causing shortages yet, but it’s the first time in over a year that dates are moving out." - **Management of Companies & Support Services**: "There’s apprehension among stakeholders and suppliers about government changes and potential tariff burdens." - **Professional, Scientific & Technical Services**: "The threat of tariffs is causing prices to rise, and the instability of international markets is resulting in shortages of various materials." - **Real Estate, Rental & Leasing**: "Concern about the cost of materials and project work if tariffs go into effect." - **Retail Trade**: "Holiday sales were not as strong as expected. We’ll need to adjust future planning." - **Transportation & Warehousing**: "The employment market is softening, as we’re seeing fewer natural turnarounds and more qualified applicants. Requests for our services continue to increase." - **Wholesale Trade**: "Business is picking up but still slower than expected for January. We’ve had a lot of warehouse closures due to weather." #SeputarTrading #ForexTrick