U.S. ISM Manufacturing PMI vs. Manufacturing Surveys with Advanced Releases Will the U.S. manufacturing sector struggle to recover in the near-term? Image: Morgan Stanley Research
S&P 500 Net Margin and NFIB Small Business Survey: Demand vs. Wage Cost Composite (Leading Indicator) Is there a risk of further decline in S&P 500 margins? Image: Morgan Stanley Research
U.S. ISM Manufacturing PMI vs. Philadelphia Fed General Activity vs. U.S. Empire State Manufacturing Survey Regional business activity surveys suggest a lower ISM Manufacturing PMI over the coming months. Image: Morgan Stanley Research
How Survey Responders Think the S&P 500 Will Perform Over the Year Ahead Will the U.S. stock market decline further in 2023 as a recession looms? Image: Deutsche Bank
S&P 500 – CEO Confidence Survey and Recessions Weak CEO confidence does not bode well for U.S. stocks. Image: Real Investment Advice
U.S. Labor Market – CEO Confidence Survey vs. Jobless Claims As CEO confidence declines, the fight against inflation could cause job losses. Image: Real Investment Advice
Sentiment – 52-Week S&P 500 Forward Return and AAII Survey Bulls Minus Bears Historically, when investor sentiment is very bearish, there is often a bounce in the stock market. Image: Richardson Wealth
ISM Manufacturing Index and Regional Manufacturing Surveys Regional manufacturing surveys do not bode well for the ISM Manufacturing Index. Image: True Insights
Survey – When Will the Next U.S. Recession Occur? Only 17% of respondents expect the next U.S. recession to occur this year. Image: Deutsche Bank Research
Philadelphia Fed Survey vs. S&P 500 Earnings Growth Rate The bear market bottom is probably not yet in as the Philly Fed survey suggests an earnings recession is highly likely. Image: Real Investment Advice