Search Results for: ISM

ISM Manufacturing Index vs. Discretionary Investors Positioning The correlation between discretionary investor equity positioning and ISM manufacturing is quite strong at 67%.

ISM Manufacturing Index and ISM Prices Paid Index (Leading Indicator) The ISM Prices Paid Index tends to lead the ISM Manufacturing Index by 12 months, suggesting a mid-cycle shift this year. Image: Morgan Stanley Research

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 59.9% in August. Click the Image to Enlarge

Cyclicals/Defensives vs. ISM Manufacturing PMI Should investors favor defensive stocks for the rest of the year? Image: Nordea and Macrobond

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

Aggregated U.S. Equity Futures Positions vs. ISM Manufacturing The correlation between aggregated U.S. equity futures positions and ISM manufacturing remains quite strong. Image: Deutsche Bank Asset Allocation

Lumber/WTI Crude Oil and ISM Manufacturing PMI (Leading Indicator) Slower economic growth is expected over the next 14 months. Image: Gavekal, Macrobond

Mention of “Optimistic” or “Optimism” on S&P 500 Earnings Calls by Quarter S&P 500 companies are becoming less optimistic. Image: BofA US Equity & Quant Strategy

U.S. 10Y-2Y Treasury Yield Curve and U.S. ISM Manufacturing Index In a situation of extreme excess liquidity, is the U.S. 10Y-2Y yield curve a broken indicator? Image: Morgan Stanley Wealth Management

Risk Appetite Indicator and U.S. ISM Manufacturing The risk appetite indicator is now below zero, as investors expect growth to slowdown significantly in H2. Image: Goldman Sachs Global Investment Research