ISM Manufacturing Index vs. S&P 500 Index

ISM Manufacturing Index vs. S&P 500 Index This chart shows the correlation between the ISM manufacturing index and the S&P 500 index year-over-year percent change, since 2011. The U.S. ISM Manufacturing Index declined to 58.7% in December. Click the Image to Enlarge

ISM YoY and U.S. 2+10-Year Bond Yield YoY (Leading Indicator)

ISM YoY and U.S. 2+10-Year Bond Yield YoY (Leading Indicator) The U.S. 2+10-year bond yield YoY (inverted) tends to lead the ISM YoY by 18 months, suggesting that the growth momentum is expected to fade through H1 2022. Image: Nordea and Macrobond

ISM and U.S. 10-Year Treasury Yields

ISM and U.S. 10-Year Treasury Yields The ISM has a strong relationship with U.S. 10-year yields. If economic growth continues to slow, could investors expect lower yields in the coming months? Image: Real Investment Advice