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 50.9 in January. Keep in mind that it is a survey. Click the Image to Enlarge
U.S. ISM Manufacturing Index vs. U.S. Core CPI (Core Inflation Leading Indicator) US annual core CPI in November stayed unchanged at 2.3%. This chart suggests that the U.S. ISM Manufacturing Index leads 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…
ISM Manufacturing Index vs. S&P 500 Cash Flow Chart showing the correlation between S&P 500 cash flow and the ISM Manufacturing Index. Image: Raoul Pal
Philly Fed Manufacturing Index and Empire State Manufacturing Survey and ISM Manufacturing Index Despite the coronavirus, both regional PMIs suggest an increase in U.S. ISM manufacturing this month. Image: Swedbank Research
ISM Manufacturing Index vs. ISM Non-Manufacturing Index The ISM Non-Manufacturing Index increased to 55.5% in January and suggests faster expansion in January than in December. Image: Oxford Economics
S&P 500 and ISM Manufacturing Index In recent history, when the ISM Manufacturing Index rose above 50, the S&P500 rose by about 2% on average over the next 3 months Image: Nordea and Macrobond
S&P 500 When ISM Manufacturing Index Rises Above 50 When the ISM Manufacturing Index rises above 50, U.S. Treasuries and the U.S. dollar tend to weaken, while the S&P 500 tends to rise. Image: Nordea and Macrobond
U.S. ISM Manufacturing Index (All History) History clearly shows that the current U.S. ISM Manufacturing Index is low. Image: Nordea and Macrobond
ISM Manufacturing Index and S&P 500 Realized Volatility Interesting chart suggesting the correlation between the S&P 500 realized volatility and the ISM Manufacturing Index. Image: Goldman Sachs Global Investment Research
Yield Curve 10Y-2Y and U.S. ISM Manufacturing Index Chart suggesting that the 10Y-2Y spread (YoY) leads the U.S. ISM Manufacturing Index (YoY) by 18 months. U.S. PMI could bounce back in 2020. Image: Nordea and Macrobond