17 Dec 2023 7:16 am
This market forecaster hasn't been wrong in 70 years. I would prefer the markets just keep going up from here.
If you are still working, I hope you have a secure job, it could get bumpy soon.
The contraction in November marked the 15th consecutive month that the ISM Manufacturing New Orders Index has come in below 50. Likewise, the PMI also registered its 15th straight month of contraction. It's been 40 years since the PMI was in contraction territory for 15 consecutive months, and it's never been in contraction for this many consecutive months without a U.S. recession taking shape.
If you are still working, I hope you have a secure job, it could get bumpy soon.
The contraction in November marked the 15th consecutive month that the ISM Manufacturing New Orders Index has come in below 50. Likewise, the PMI also registered its 15th straight month of contraction. It's been 40 years since the PMI was in contraction territory for 15 consecutive months, and it's never been in contraction for this many consecutive months without a U.S. recession taking shape.