PMI data Recession and $SPX correation
What is a good PMI index?
A PMI index over 50 represents growth or expansion within the manufacturing sector of the economy compared with the prior month. A reading under 50 represents contraction, and a reading at 50 indicates an equal balance between manufacturers reporting advances and declines in their business.
PMI can anticipate GDP behavior
ES1!
US30SPXSPX500USD
A PMI index over 50 represents growth or expansion within the manufacturing sector of the economy compared with the prior month. A reading under 50 represents contraction, and a reading at 50 indicates an equal balance between manufacturers reporting advances and declines in their business.
PMI can anticipate GDP behavior
ES1!US30SPXSPX500USD
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