U.S. ISM Manufacturing Index vs. U.S. Core CPI (Core Inflation Leading Indicator) U.S. annual core CPI at 1.6% in December. The U.S. ISM Manufacturing Index tends to lead U.S. Core CPI by 24 months. You may also like “ISM Manufacturing Index vs. S&P 500 Index” and “U.S. Core Inflation Expected Over the Next 21 Months.“…
Inflation – U.S. Consumer Price Index and ISM Manufacturing Prices Index (Leading Indicator) ISM manufacturing prices tend to lead headline inflation. Image: Morgan Stanley Wealth Management
ISM Manufacturing Index and SOX Philadelphia Semiconductor Index Chart showing the good correlation between the ISM Manufacturing Index and the performance of the SOX Philadelphia Semiconductor Index. Image: BofA Global Investment Strategy
Global Manufacturing PMI in October Global manufacturing PMIs reached a new cycle high in December. Image: Morgan Stanley Research
ISM Manufacturing Index vs. S&P 500 Index This chart shows the correlation between the ISM manufacturing index and the S&P 500 index year-over-year percent change, since 2011. U.S. ISM Manufacturing Index increased to 60.7% in December. Click the Image to Enlarge
S&P 500 Financials Index/S&P 500 Index and ISM Manufacturing PMI The ISM Manufacturing PMI suggests that the financials’ rally should continue. Image: Morgan Stanley Wealth Management
Manufacturing PMI and S&P 500 Capex YoY Is a capex recovery on the cards, as suggested by manufacturing PMI? Image: BofA
Cyclicals/Defensives vs. ISM Manufacturing PMI Cyclical stocks tend to outperform defensive stocks during periods of economic strength. Image: Nordea and Macrobond
Value Stocks – ISM Manufacturing New Orders Index vs. S&P 500 High Beta Index/S&P 500 Low Volatility Index Value stocks should benefit from an economic rebound, as the ISM Manufacturing New Orders Index is at a 17-year high. Image: Morgan Stanley Wealth Management
S&P 500 Earnings per Share vs. ISM Manufacturing New Orders The jump in new ISM manufacturing orders suggests a significant rebound in S&P 500 earnings growth. Image: Morgan Stanley Wealth Management