Central Banks – Global Monetary Policy Stimulus Leads Global Manufacturing PMI Global monetary policy stimulus tends to lead global manufacturing PMI by 8 months. Is a hard landing inevitable? Image: Topdown Charts
PMI vs. Equity Risk Premium Current PMIs suggest a higher equity risk premium. Should investors remain cautious on equities? Image: Morgan Stanley Research
S&P 500 and Manufacturing PMI Will PMIs continue to head lower and drive the S&P 500 down? Image: Morgan Stanley Research
ISM Manufacturing PMI vs. ISM New Orders – Inventories The ISM New Orders less Inventories tends to lead the ISM Manufacturing PMI by 3 months. Image: The Daily Shot
Inflation – U.S. Core CPI vs. ISM Manufacturing PMI (Leading Indicator) The U.S. ISM Manufacturing PMI tends to lead U.S. core CPI by 12 months. Image: BCA Research
S&P 500 Ratio to 200 DMA and ISM Manufacturing PMI The S&P 500 was pricing an ISM Manufacturing PMI of 40. Image: Deutsche Bank Asset Allocation
ISM Manufacturing PMI and Recession Probability Morgan Stanley’s recession indicator signals a 27% probability of a downturn in the next 12 months. Image: Morgan Stanley Wealth Management
Russell 1000 Profitable Tech vs. Unprofitable Tech and ISM Manufacturing PMI Profitable tech gains suggest growth slowdown. Image: Morgan Stanley Wealth Management
U.S. 10-Year Treasury Yield and Global Manufacturing PMI (Leading Indicator) Should investors prepare for a substantial decline in the global economy? Image: TS Lombard
U.S. ISM Manufacturing PMI vs. Growth Tax (Inverted) vs. ISM New Orders Minus Inventories (Leading Indicator) Should investors expect a sharp fall in the U.S. ISM Manufacturing PMI? Image: Alpine Macro