Pembelian
SPX performance vs PMI diverging significantly
SPX yoy performance vs PMI Manufacturing index
Tried to replicate TeddyVallee's chart w/o z-scores he published on Twitter
Big divergences I could find are marked with flags. I may be missing a few so make your own decisions
Looks like when PMI and SPX diverged, most of the time SPX was correct!
Could it be that stocks are the first to feel the liquidity flood which then lifts the PMI?
My bet is even if there is a pull back, uptrend should continue and PMI should bounce next
Tried to replicate TeddyVallee's chart w/o z-scores he published on Twitter
Big divergences I could find are marked with flags. I may be missing a few so make your own decisions
Looks like when PMI and SPX diverged, most of the time SPX was correct!
Could it be that stocks are the first to feel the liquidity flood which then lifts the PMI?
My bet is even if there is a pull back, uptrend should continue and PMI should bounce next
Trade aktif
Today's strong ISM print (50.9) confirms that SPX was correct! So expect further strength in the economy and stock market in coming months
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.