Search Results for: U.S. PMI

ISM PMI and S&P 500 What does a cooling in U.S. manufacturing growth mean for the S&P 500 in the coming months? Image: BofA Global Research

ISM Manufacturing PMI vs. Cyclicals/Defensives The outperformance of U.S. cyclicals could suggest that the U.S. economic activity has bottomed. Image: Gavekal, Macrobond

U.S. Stock Market Performance When Market Fell > 8% in 6 Consecutive Losing Sessions This chart shows the U.S. stock market performance since 1948, when the market fell more than 8% in 6 consecutive losing sessions, with PMI > 50 and PMI < 50. Image: Fundstrat Global Advisors, LLC

Yield Curve 10Y-2Y and U.S. ISM Manufacturing Index Chart suggesting that the U.S. 2+10Y bond yield YoY (inverted) tends to lead the U.S. ISM Manufacturing Index (YoY) by 18 months. U.S. PMI could bounce back in 2020. Image: Nordea and Macrobond

S&P 500 and ISM Composite PMI At current levels, the U.S. market is pricing in a strong rebound in the ISM Composite PMI rising to 57. Image: Deutsche Bank Asset Allocation

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index This great chart suggests that 200-Day Change in Yield Curve 30-Year minus 10-Year spread leads U.S. ISM Manufacturing Index by 16 months. It also suggests that U.S. PMI is probably bottoming now and could bounce back. Image: Fundstrat Global Advisors, LLC

ISM Non-Manufacturing Index vs. U.S. GDP The chart shows the good correlation between ISM Non-Manufacturing PMI and U.S. GDP. Image: Piper Jaffray

ISM Manufacturing Index and U.S. 10-Year Treasury Bond Yield The decline in U.S. 10-year Treasury bond yields has been in line with falling ISM PMI. Picture Source: Deutsche Bank

ISM Manufacturing Index vs. Semiconductors Semiconductors are discounting a substantial rise in the U.S. ISM Manufacturing PMI, which suggests a robust expansion in manufacturing activity and overall economic growth. Image: BofA Global Investment Strategy

Philly Fed Manufacturing Index and Empire State Manufacturing Survey and ISM Manufacturing Index Despite the coronavirus, both regional PMIs suggest an increase in U.S. ISM manufacturing this month. Image: Swedbank Research