With NFP on hold due to the shutdown, today's ISM Services was our only chance for for data driven volatility in the 2nd half of the week.  A big beat/miss in this report is certainly capable of moving the needle, but today's example is mixed.  New orders fell sharply, but employment ticked up slightly (and employment may be a bit more tradeable right now for obvious reasons). Prices were basically unchanged at elevated levels.  After some modest weakness heading into the data, there's been a bit of additional selling in its wake.

20251003 open.png

20251003 open2.png

20251003 open3.png

20251003 open4.png

20251003 open5.png

20251003 open6.png