Weekly Market Commentary - 1.10.22
ECONOMIC REVIEW
• The ISM Manufacturing Index for the month of December fell to 58.7, lower than the expectation among economists of 60.
• The ISM Services Index for the month of December decreased more than expected. The index fell to 62 while the expectation was for a decrease to 67.
• Non-farm payrolls for the month of December missed sharply to the downside, the survey expectation was for the economy to add 450,000 jobs whereas the actual increase was 199,000.
