ISM PMI and S&P 500

ISM PMI and S&P 500 What does a cooling in U.S. manufacturing growth mean for the S&P 500 in the coming months? Image: BofA Global Research

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

Yield Curve 10Y-2Y and U.S. ISM Manufacturing Index Chart suggesting that the U.S. 2+10Y bond yield YoY (inverted) tends to lead the U.S. ISM Manufacturing Index (YoY) by 18 months. U.S. PMI could bounce back in 2020. Image: Nordea and Macrobond

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index This great chart suggests that 200-Day Change in Yield Curve 30-Year minus 10-Year spread leads U.S. ISM Manufacturing Index by 16 months. It also suggests that U.S. PMI is probably bottoming now and could bounce back. Image: Fundstrat Global Advisors, LLC

ISM Manufacturing vs. 10-Year Treasury Yields

ISM Manufacturing vs. 10-Year Treasury Yields This chart shows a nice correlation between ISM manufacturing index and 10-year Treasury yields since 2010. This chart can explain why 10-year Treasury yields have fallen. PMI index above 50 percent indicates that the manufacturing economy is expanding, and a PMI index below 50 percent indicates that the manufacturing…