S&P500 Vs Manufacturing PMI & GDP Growth Expectations
Here we take a deeper look at why the ISM Manufacturing PMI data release is the most closely watched economic indicator on the monthly calendar.
We look at how manufacturing PMI predicts GDP growth in the U.S with an 85% certainty going back to 1948.
We then take a look at the historical correlation to ISM Manufacturing PMI and the S&P500.
After watching this video you will understand what that market focuses on to predict GDP growth and when to buy and sell the S&P500 index
We look at how manufacturing PMI predicts GDP growth in the U.S with an 85% certainty going back to 1948.
We then take a look at the historical correlation to ISM Manufacturing PMI and the S&P500.
After watching this video you will understand what that market focuses on to predict GDP growth and when to buy and sell the S&P500 index
Kayan Kalipha
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