Central Banks – Global Monetary Policy Stimulus Leads Global Manufacturing PMI As global monetary policy stimulus tends to lead global manufacturing PMI by 8 months, could this signal the end of the economic slowdown? Image: Topdown Charts
FMS Investors – Net % Say Global Profits Will Improve vs. ISM Manufacturing New Orders/Inventories There is a growing belief among FMS investors that global profits will improve in the future, which is encouraging. Image: BofA Global Fund Manager Survey
ISM Manufacturing PMI vs. ISM New Orders – Inventories The U.S. ISM New Orders less Inventories spread continues to suggest a higher ISM Manufacturing PMI. This correlation points towards a positive outlook for the manufacturing sector. Image: The Daily Shot
ISM Manufacturing Index and Autos vs. Retail When there is robust economic growth, it is generally expected that the autos sector would outperform the retail sector. Image: Goldman Sachs Global Investment Research
Big 4 Asia Imports vs. ISM Manufacturing PMI The weak demand in Asian markets is affecting various industries and economies worldwide. Image: BofA Global Investment Strategy
ISM Manufacturing New Orders vs. U.S. 12-Month Trailing EPS Growth ISM Manufacturing New Orders tend to lead U.S. 12-month trailing EPS growth by 3 months. Image: Morgan Stanley Wealth Management
U.S. EBIT Margin vs. ISM Manufacturing Prices Paid Index Profit margins are rarely sustained by falling inflation. Image: Morgan Stanley Wealth Management
ISM Manufacturing Index vs. U.S. HY – IG Spread The ISM Manufacturing Index in contraction is a sign of a potential recession, while the tight U.S. HY/IG spread suggests continued positive growth. Image: BofA Global Investment Strategy
Global Manufacturing PMI and Global Consumer Discretionary vs. Staples The global consumer discretionary vs. staples relative performance suggests that the global manufacturing PMI could be trending towards expansion, which is good news. Image: Topdown Charts
Months Between S&P 500 Recession Trough and Trough in ISM Manufacturing Index Monitoring the ISM Manufacturing Index can be useful for investors who are interested in making decisions about when to invest in the S&P 500. Image: Goldman Sachs Global Investment Research