Yield Curve 10Y-2Y vs. U.S. ISM Manufacturing Index

Yield Curve 10Y-2Y vs. U.S. ISM Manufacturing Index This great chart suggests that the 10Y-2Y spread (YoY) leads U.S. ISM Manufacturing Index (YoY) by 18 months. U.S. PMI could bounce back in 2020. Picture source: Nordea and Macrobond

Global Manufacturing vs. Service Sector

Global Manufacturing vs. Service Sector This chart shows that the global manufacturing sector is in recession, while the service sector is doing well. Picture source: Deutsche Bank Global Research

ISM Non-Manufacturing Index vs. U.S. GDP

ISM Non-Manufacturing Index vs. U.S. GDP The chart shows the goof correlation between ISM Non-Manufacturing PMI and U.S. GDP. Picture source: Piper Jaffray

Global Manufacturing PMI and MSCI World Index

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

Global Manufacturing PMI Leads Earnings The chart suggests that Global Manufacturing PMI leads earnings by 9 months. Picture source: Charles Schwab

ISM Manufacturing Index and U.S. Financial Conditions Index

ISM Manufacturing Index and U.S. Financial Conditions Index Great chart suggesting that the ISM Manufacturing Index could be below 50 soon, and bounce back due to the drop in interest rates around the world. Picture source: Nordea and Macrobond