KG: ISM Services "Stagflationary" & Why ENPH Soared After Earnings

• S&P Global Composite PMI (53.0) and Services PMI (52.7) for January 2026 came in better than estimates.
• ISM Services PMI (53.8) was better than estimated, but New Orders (53.1) were lower than expected, and Prices (66.6) were higher, described as 'stagflationary'.
• ADP Non-Farm Employment Change (22K) for January 2026 was significantly lower than the 46K estimate, with job losses in manufacturing.
• Enphase Energy (ENPH) reported better-than-expected 4Q earnings and strong 1Q guidance, causing its stock to move higher.
• WTI Crude Oil (/CL) is trading around $63-$64, driven by geopolitical risk premiums and the seasonal transition to summer blends.

The video discusses recent economic data, including S&P Global and ISM Services PMIs, and ADP employment figures. While some data was better than expected, ISM Services showed 'stagflationary' signs with higher prices and lower new orders. ADP employment was significantly weaker. Enphase Energy's earnings beat expectations, leading to a stock surge, and crude oil prices are rising due to geopolitical risks and seasonal factors.