S&P 500 and Manufacturing PMI

S&P 500 and Manufacturing PMI Morgan Stanley expects the S&P 500 to decline 10-20% by year-end 2021. Image: Morgan Stanley Research

ISM PMI and S&P 500

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

China Credit Impulse Leads Global Manufacturing PMI

China Credit Impulse Leads Global Manufacturing PMI China credit impulse tends to lead global manufacturing PMI by 12 months. Credit impulse is the change in new credit issued as a percentage of GDP. Image: Nordea and Macrobond

Global Manufacturing PMI

Global Manufacturing PMI Despite a slight decline, global manufacturing activity remains expansionary. Image: J.P. Morgan Asset Management

Global Manufacturing PMI vs. MSCI ACWI

Global Manufacturing PMI vs. MSCI ACWI PMI’s are peaking. Historically, markets tend to lead the macro for most time periods. Image: BofA Global Investment Strategy

ISM PMI vs. S&P 500

ISM PMI vs. S&P 500 Markets tend to lead the macro for most time periods. Image: BofA Global Investment Strategy