This is not exactly bearish for pm’s and stocks in general. The surprise they won’t want to see is the economy is already slowing and they’re tightening into it. Unless this is all intentional.
ISM Services Crashes Most Since April 2020 As Omicron Hits
…may suggest that the omicron variant of the coronavirus is beginning to take a toll on providers of in-person services like travel, dining out and entertainment.