ISM manufacturing and JOLTS top the economic calendar ...Middle East

The market certainly isn't in a good mood on the first Wednesday of the year, with S&P 500 futures down 19 points, or 0.4% and the Nasdaq lagging again. In FX, the US dollar is reasserting itself as Treasury yields tick 2-3 bps higher across the curve.On the economic calendar today, we get a pair of releases but not until 10 am ET with:ISM manufacturingJOLTSYesterday's manufacturing PMI from S&P Global slipped to 47.9 from 48.2 so there are downside risks to the consensus on ISM, which is for an increase to 47.1 from 46.7. Beyond that, the market will be watching the prices paid and new orders components.For JOLTS, job openings ticking down would certainly help the soft landing narrative but

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