ISM Manufacturing vs. S&P 500 Performance

ISM Manufacturing vs. S&P 500 Performance More than 90% of the gains in the S&P500 Index have occurred when the ISM Manufacturing Index rises. Image: Alpine Macro

S&P 500 Performance from Different ISM Starting Points

S&P 500 Performance from Different ISM Starting Points When the ISM is between 55 and 60, the S&P 500 tends to underperform its long-term average over the next 3, 6 and 12 months. Image: J.P. Morgan Asset Management