MSCI Emerging Markets Index vs. World Semiconductor Sales This great chart shows that world semiconductor sales lead MSCI emerging markets index by 3 months. Very interesting chart before investing in emerging market equities. Country weights of the MSCI Emerging Markets Index: 33% China, 13.02% Korea, 11.35% Taiwan. Picture source: Nordea and Macrobond
American Semiconductor Sales Lead ISM Manufacturing Index by 3 Months This chart shows that the downtrend in American semiconductor sales is currently worrying. See also “ISM Manufacturing Index vs. S&P 500 Index since 2011.” Picture source: Deutsche Bank
ISM Manufacturing Index vs. S&P 500 Index since 2011 This chart shows a good correlation between the ISM manufacturing index and the S&P 500 index year-over-year percent change, since 2011. PMI index of 50 (no expansion/contraction) suggests a flat S&P 500 index year-over-year percent change. See also “Semiconductor Sales Lead ISM Manufacturing Index.”
