ISM following?
So far, the U.S. ISM Manufacturing has been holding very well, at historical high levels.
Nonetheless, surveys of business conditions from regional Fed recorded big drop in December.
Looking at the historical correlations between those regional Fed surveys and the U.S. ISM Manufacturing, question is: will the ISM Manufacturing follow?
- ISM Manufacturing vs Average (Empire + Philadelphia)
90% Correlation – calling for sub 55.
- ISM Manufacturing vs Dallas Fed
85% correlation – calling for low 50’s
- ISM Manufacturing vs Richmond Fed
80% correlation – calling <50.
Consensus stands at 57.9 for December.
Again, ISM Manufacturing has been one of the last leading indicator to hold.
Will this leading indicator follow other leading indicators’ recent drop?
I hope it helps,
Gregoire
Sub Section Title Here
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
THIS POST
LEARN ONLINE TRADING TODAY. THE PROFESSIONAL WAY.
Let us solve the problem and confusion around trading and finance management, the right way.
ACCESS FREE LECTURESUBSCRIBE
TO OUR BLOG
To receive opinions, market research, and data analysis in the Financial Markets
ABOUT
DUPONT TRADING
As a Professional Trader/Portfolio Manager/Hedge Fund Manager for almost 20 years, I know that learning how to Trade/Invest is a non-ending learning curve. This adventure is extremely exciting but needs to be ridden carefully.
In January 2018 after receiving many requests, I decided to start my own mentoring activities.
In October 2019, I launched the 4×4 Video Series to help Investors profitably manage their portfolios. By sharing my ideas/experiences and offering education through the 4×4 Video Series, I hope I can help you becoming a better investor.
Students
Testimonials
J. (United Kingdom)
LEARN ONLINE TRADING TODAY. THE PROFESSIONAL WAY.
Let us solve the problem and confusion around trading and finance management, the right way.
Reader Interactions