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 decreased to 47.4% in January. Click the Image to Enlarge
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
Indexed Return of Cyclicals vs. Defensives ex. Commodities and ISM Manufacturing Index Equity industry rotations have priced in an economic slowdown. Image: Goldman Sachs Global Investment Research
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%.
U.S. ISM Manufacturing Index and Proportion of Russell 3000 Firms Mentioning “Recession” during Quarterly Earnings Calls Recession fears are growing among U.S. firms. Image: Goldman Sachs Global Investment Research
ISM Manufacturing Index and Regional Manufacturing Surveys Regional manufacturing surveys do not bode well for the ISM Manufacturing Index. Image: True Insights
ISM Manufacturing Index vs. S&P 500 Positive Sales Surprises Should U.S. equity investors expect small positive sales surprises ahead? Image: Morgan Stanley Wealth Management
Return – U.S. ISM Manufacturing Index vs. U.S. Treasuries Could U.S. Treasuries represent a buying opportunity? Image: True Insights
ISM Manufacturing Index vs. S&P 500 EPS Annual % Change U.S. economic activity is highly correlated with S&P 500 earnings growth. Is it time to worry? Image: Real Investment Advice