Conference Board U.S. Leading Economic Index vs. ISM Manufacturing New Orders vs. ISM Manufacturing PMI The current reading of the U.S. LEI could result in lower ISM in the next few months. Image: Morgan Stanley Wealth Management
China Credit Impulse and Euro to U.S. Dollar (EUR/USD) – Leading Indicator Will EUR/USD peak in mid-2023? Image: Steno 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. Philly Fed Futures Orders (Leading Indicator) Will the ISM Manufacturing PMI fall further, as a recession is looming in the United States? Image: Topdown Charts
S&P 500 EPS Growth: 12-Month Leading Indicator Should investors be worried about S&P 500 EPS growth? Image: KKR Global Macro
U.S. ISM New Orders vs. S&P 500 NTM EPS Growth (Leading Indicator) Should U.S. equity investors expect -10% earnings growth in 2023? Image: KKR & Co.
Philly Fed Future Nominal Orders vs. S&P 500 12-Months Forward EPS (Leading Indicator) A severe contraction in earnings growth should hurt U.S. stocks in 2023. Image: Nordea and Macrobond
U.S. High Yield vs. Investment Grade Returns and Conference Board U.S. Leading Index Historically, the outperformance of high yield bonds relative to investment grade bonds has followed the Conference Board U.S. Leading Index. Image: Morgan Stanley Wealth Management
Recession – Conference Board Leading Economic Index vs. U.S. Industrial Production The Conference Board Leading Economic Index suggests a contraction in U.S. industrial production. Image: BofA Global Research
Earnings – Global Manufacturing PMI New Orders vs. World Trailing 12-Month EPS (Leading Indicator) Global manufacturing PMI new orders tend to lead world EPS growth by 12 months. Image: BofA Global Research