Jun
13
2024
Off
ISM Manufacturing PMI and Global Stocks vs. Government Bonds
In a potential shift from a “no” to a “hard” landing scenario, government bonds may outperform due to increased risk aversion, interest rate cuts, lower inflation expectations, and their historical performance during economic downturns.
Image: BofA Global Investment Strategy
![ISM Manufacturing PMI and Global Stocks vs. Government Bonds](https://www.isabelnet.com/wp-content/uploads/2021/07/Economy-Weighted-Composite-ISM-and-Stock-to-Bond-Ratio.jpg)