Nov 02 2019
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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

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index by 16 Months