A couple worse than expected economic reports suggest the US economy isn't out of the woods yet
A couple worse than expected economic reports suggest the US economy isn't out of the woods yet. First off, the ADP jobs reports showed 139,000 new jobs in the private sector were created in February. That's a bit less than the 150,000 expected by analysts but no reason to sound alarm bells. Weather still had an impact on hiring in February, or so businesses are saying. Perhaps more importantly, the ISM Non Manufacturing report for last month was considerably weaker than anticipated. The number came in at 51.6 compared to 53.5 as expected. Once again, businesses claim the weather was the culprit. However, the report also claims healthcare organizations are seeing substantial financial uncertainty from Obamacare with a far greater negative impact on revenues than expected. I believe that situation will be temporary as more and more people adopt the new system. (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
No areas of expertise