ISM Manufacturing Index and Autos vs. Retail When there is robust economic growth, it is generally expected that the autos sector would outperform the retail sector. Image: Goldman Sachs Global Investment Research
S&P 500 vs. ISM Composite PMI It is common during the late stage of an economic cycle for the S&P 500 to outpace the ISM. Should investors favor defensive stocks, energy and industrials? Image: Morgan Stanley Research
ISM Manufacturing PMI and Stock-to-Bond Ratio The stock-to-bond ratio anticipates a recovery. Image: Alpine Macro
U.S. Nonfarm Payrolls vs. U.S. ISM Manufacturing PMI A weaker U.S. economy tends to lead to a decline in nonfarm payrolls. Image: BofA Global Investment Strategy
ISM Manufacturing PMI vs. ISM New Orders – Inventories The ISM New Orders less Inventories still suggests a higher ISM Manufacturing PMI. Image: The Daily Shot
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 increased to 47.6% in August. Click the Image to Enlarge
U.S. Equity Exposure vs. ISM New Orders less Inventories U.S. equity exposure typically shows a correlation with the ISM New Orders less Inventories. Image: Nomura
Big 4 Asia Imports vs. ISM Manufacturing PMI The weak demand in Asian markets is affecting various industries and economies worldwide. Image: BofA Global Investment Strategy
ISM Manufacturing Index and SOX Philadelphia Semiconductor Index Has the U.S. ISM Manufacturing PMI bottomed out? Image: BofA Global Investment Strategy
ISM Manufacturing PMI and ISM New Orders – Inventories The ISM Manufacturing PMI is expected to rise above 50 based on the ISM New Orders less Inventories. Image: BofA Global Investment Strategy