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
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
ISM Manufacturing Index and SOX Philadelphia Semiconductor Index Has the U.S. ISM Manufacturing PMI bottomed out? Image: BofA Global Investment Strategy
ISM Manufacturing Index vs. U.S. HY – IG Spread The ISM Manufacturing Index in contraction is a sign of a potential recession, while the tight U.S. HY/IG spread suggests continued positive growth. Image: BofA Global Investment Strategy
Months Between S&P 500 Recession Trough and Trough in ISM Manufacturing Index Monitoring the ISM Manufacturing Index can be useful for investors who are interested in making decisions about when to invest in the S&P 500. Image: Goldman Sachs Global Investment Research
Indexed Return of Cyclicals vs. Defensives ex. Commodities and ISM Manufacturing Index Equity industry rotations are pricing in a soft landing. Image: Goldman Sachs Global Investment Research
U.S. ISM Manufacturing Index and U.S. Employment It is important to keep a close eye on the U.S. ISM Manufacturing Index for any changes in U.S. employment.
U.S. ISM Manufacturing Index vs. U.S. GDP Growth The current reading of the U.S. ISM Manufacturing Index could result in negative U.S. GDP growth. Image: True Insights
U.S. ISM Manufacturing Index vs. U.S. 30-Year Mortgage Rate YoY Change The U.S. 30-year mortgage rate YoY change tends to lead the U.S. ISM Manufacturing Index by 19 months. Image: UnderOrion and Macrobond
ISM Manufacturing Index vs. Discretionary Investors Positioning The correlation between discretionary investor equity positioning and ISM manufacturing is quite strong at 67%.