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TRND - Prices Surge Broadly Across The Massive Service Sector And Companies Are Able To Pass On These Higher Prices
Pacer Trendpilot Fund of Funds ETF
During the Pandemic, discretionary services such as travel and entertainment have been hard hit, and consumer spending on services in February was still down 5.2% from a year ago.
But the services sector is enormous, ranging from healthcare to tech, and demand has been strong in many segments, and is coming back in others.
Amid backlogs and shortages, input prices are soaring and companies are able to pass on those higher prices.