Final January 2016 US Markit services PMI

  • Flash 53.7. Dec 54.3
  • Employment 54.3 vs 54.3 flash. Dec 53.1
  • Composite 53.2 vs 53.7 flash, Dec 54.0

That takes services to the lowest since Oct 2013

That's manufacturing going south, services going south. If the ISM non-manufacturing goes south there's not a lot left in the GDP pie that's pointing north. Heaven help us if jobs start turning south too.

Three guesses which way the buck is heading right now? ;-)