Panjang
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
Dagangan 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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.