In this video, I break down why the markets closely monitor the Manufacturing & Service PMI survey release to predict the outlook for earnings of companies within the Manufacturing & Service sectors of the European Economy.
Once you watch this video, you will know when to buy or sell stock market indices based on market expectations for growth in GDP.
Enjoy!!
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...
