U.S. Excess Liquidity Leads U.S. PMI

U.S. Excess Liquidity Leads U.S. PMI This chart suggests that U.S. excess liquidity leads U.S. PMI by 12 months. U.S. PMI could bounce back in 2020. Image: Exane BNP Paribas

U.S. ISM Services PMI

U.S. ISM Services PMI The U.S. ISM Services Index came in much higher than expected in November. Could the Fed be more hawkish? Image: The Daily Shot