Sentiment – Global PMI and Risk Appetite Indicator The GS risk appetite indicator remaining elevated suggests that investors have a high appetite for risk in the financial markets. Image: Goldman Sachs Global Investment Research
S&P 500 vs. ISM Composite PMI It is common during the late stage of an economic cycle for the S&P 500 to outpace the ISM. Should investors favor defensive stocks, energy and industrials? Image: Morgan Stanley Research
ISM Manufacturing PMI and Stock-to-Bond Ratio The stock-to-bond ratio anticipates a recovery. Image: Alpine Macro
U.S. Nonfarm Payrolls vs. U.S. ISM Manufacturing PMI A weaker U.S. economy tends to lead to a decline in nonfarm payrolls. Image: BofA Global Investment Strategy
ISM Manufacturing PMI vs. ISM New Orders – Inventories The ISM New Orders less Inventories still suggests a higher ISM Manufacturing PMI. Image: The Daily Shot
Big 4 Asia Imports vs. ISM Manufacturing PMI The weak demand in Asian markets is affecting various industries and economies worldwide. Image: BofA Global Investment Strategy
PMI vs. Equity Risk Premium The divergence between the ISM PMI and the equity risk premium is significant. Image: Morgan Stanley Research
ISM Manufacturing PMI and ISM New Orders – Inventories The ISM Manufacturing PMI is expected to rise above 50 based on the ISM New Orders less Inventories. Image: BofA Global Investment Strategy
Discretionary Investor Equity Positioning vs. S&P Global Composite PMI Discretionary investor equity positioning is not reacting to changes in the global composite PMI. Image: Deutsche Bank Asset Allocation
Rolling 12-Month EPS Suprise vs. ISM PMI Are markets too optimistic? Image: Morgan Stanley Research