CassidyChalhoub

ISM as an Economic Indicator

QUANDL:ISM/MAN_PMI   ISM/MAN_PMI
565 views
4
The ISM index and unemployment growth rates show negative correlation while ISM shows positive with monthly Shiller P/E10 Ratios across S&P 500 . Why would price multiples on equities rise if manufacturing doesn't rise, if GDP growth doesn't rise? Deviation of ISM and P/E10 trendline signals point in credit cycle and overvalued equity.
Comment: Using ISM as THE economic indicator

Comments