Hot Toddy!

The US services sector performed -- and I'll opt for an understated adjective in the interest of dry humor -- well last month. The largest part of the world's largest economy performed well. Note the emphasis. At 54.9, the ISM services headline was warm. You could fairly call it "hot" relative to consensus. Economists expected 51.7, and the range from 60 professional forecasters was 50.7 to 52.5. So, out of five-dozen highly-trained macro "experts," some of whom paid upwards of $100,000 for a P