S&P 500 vs. ISM Composite PMI
It is common during the late stage of an economic cycle for the S&P 500 to outpace the ISM. Should investors favor defensive stocks, energy and industrials?
Image: Morgan Stanley Research
It is common during the late stage of an economic cycle for the S&P 500 to outpace the ISM. Should investors favor defensive stocks, energy and industrials?
Image: Morgan Stanley Research