Viés de alta
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 ativo
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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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.