US PMI : The one chart that says it ALL

ECONOMICS:USNMPMI   United States Non-Manufacturing PMI
It seems nearly all of the pieces to the puzzle is falling into place.

The ISM is the most important LEADING indicator and now ALL is in contraction. Even those who display certain optimism about the state of the economy should now be in doubt.

The sudden drop of the Non-Manufacturing PMI from 56.5 (November) to 49.6 (December) is certainly an indication of what is to come. This is certainly worrisome as 70% of the US economy is Services related.

Outside of the US, most major countries are already reporting the same contraction.

The FINAL piece to the jigsaw will be the one LAGGING indicator - the JOBS market. But there should be no doubt now that unemployment will soon rise.

And with inflation continue to fall, we shall soon see the Fed change course.

Good luck.

P/S : Do not just believe what I say. Use your common sense.


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