U.S. ISM Manufacturing Index vs. Manufacturing Production This chart shows the ISM survey (sentiment) versus the real world (hard data) and suggests it is not yet catastrophic. Image: Swedbank Research

S&P 500 Projection Based on Years When Index Gains at Least 15% by April The chart shows the S&P 500 projection based on years when the index gains at least 15% by April (11 times…

Global Corporate Bond Sales Companies sold a record amount of bonds in September. Yield-seeking investors were served up $434bn of new corporate bonds globally. Image: Financial Times

Earnings Estimate Progression The consensus growth estimate for Q3 earnings stands at -3.2%, but the earnings recovery seems better than 2016. The Fed’s dovish pivot and low interest rates should continue to support the U.S.…

Central Bank Rate Cuts Lead Global Manufacturing PMI This chart suggests that the net number of central banks cutting rates leads global manufacturing PMI by 8 months. Image: J.P. Morgan

U.S. Long-Term Business Cycle and ISM Manufacturing Index The risk of recession increases when the Macro Composite is above 90% and the U.S. ISM Manufacturing Index is falling. Image: Pictet Asset Management

Sentiment on Durable Goods Purchases Lead the Unemployment Rate This chart suggests that sentiment on durable goods purchases lead the unemployment rate by 12 months, and that the U.S. economy seems to be moving into…

Owning the Highest-Cap S&P 500 Stock This chart suggests that investing all of your money in the highest-capitalized S&P 500 stock is not a good idea and may result in underperforming the S&P 500 index.…

U.S. Employment Outlook The outlook of U.S. employment continues to improve. In Q4 2019, 22% of U.S. employers plan to add to payrolls, 5% expect a decrease and 72% expect no change. Image: ManpowerGroup

U.S. Total Home Sales This year, lower mortgage rates could boost U.S. home sales in the fourth quarter. Image: Leonard Kiefer

World – Digital Competitiveness Rankings The United States is ranked as the world’s most digitally competitive economy. Image: Bloomberg