U.S. ISM Manufacturing Index vs. U.S. Core CPI (Core Inflation Leading Indicator)

U.S. ISM Manufacturing Index vs. U.S. Core CPI (Core Inflation Leading Indicator) U.S. annual core CPI at 1.6% in December. The U.S. ISM Manufacturing Index tends to lead U.S. Core CPI by 24 months. You may also like “ISM Manufacturing Index vs. S&P 500 Index” and “U.S. Core Inflation Expected Over the Next 21 Months.“…

S&P 500 Before and After ISM Hits 60

S&P 500 Before and After ISM Hits 60 Historically, a 60 reading on the ISM is not very bullish for the S&P 500. Image: Nordea and Macrobond

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. U.S. ISM Manufacturing Index increased to 60.7% in December. Click the Image to Enlarge

S&P 500 Performance from Different ISM Starting Points

S&P 500 Performance from Different ISM Starting Points When the ISM is between 55 and 60, the S&P 500 tends to underperform its long-term average over the next 3, 6 and 12 months. Image: J.P. Morgan Asset Management

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 continue over the next 2-3 quarters. Image: Nordea and Macrobond