ISM Services headline index collapsed to 51.6 (missing expectations of 53.5) to its lowest since February of 2010. We
are sure many will proclaim this as "weather-related" but remember the
strong performance of the Manufacturing print. Respondents worried about
weather, Obamacare, and oil prices... as the
employment sub-index crashed from 56.4 (highest since Nov 2010) to 47.5 (lowest since Mar 2010) - the biggest drop since Lehman!
