GDP Weighted Global Central Bank Policy Rate vs. Global PMI This chart suggests that global policy rates are too tight compared to global PMI in contraction mode. Picture source: Pervalle Global
Longest Losing Streak for Global PMI Global PMI falls for 15 months in a row. New tariffs will certainly not help. Picture source: Charles Schwab
Global PMI vs. Global GDP The chart shows the strong correlation between global PMI and global GDP. Global PMI slides to lowest since 2016 and global GDP may have difficulty growing at a rate above 2% in the near future. Picture source: IHS Markit
Global PMI for Manufacturing Global PMI for manufacturing slides to lowest since 2012. Picture source: J.P. Morgan Asset Management
Global PMI vs. U.S. 10-Year Treasury Yield The chart suggests that the 10-year Treasury yield should be below 1.5%. Picture source: Pervalle Global
Global PMI & US ISM Manufacturing Indices This chart suggests that Global PMI Manufacturing Index leads US ISM Manufacturing Index by two months. Picture source: Capital Economics
Global PMI vs. G10 Central Banks Rates Cut When Global PMI is weak, as is currently the case, G10 central banks have always cut rates. Picture source: Nordea and Macrobond
Global Manufacturing PMI and MSCI World Index The chart shows a pretty good correlation between Global Manufacturing PMI and the MSCI World Index. Stocks and PMI tend to move together. Picture source: Charles Schwab
Global Manufacturing PMI Leads Earnings The chart suggests that Global Manufacturing PMI leads earnings by 9 months. Picture source: Charles Schwab
Philadelphia Semiconductor Index (SOX) Leads Global Manufacturing PMI by Three Months This chart suggests that the rally in semiconductor stocks may herald a global growth rebound. Picture source: Oxford Economics, Macrobond
