04.23.2025
Growth to Gold: Wall Street’s Favorite Trade Just Changed
According to the most recent Bank of America Global Fund Manager Survey, gold has surged to the top of the…
The ISM PMI index is a survey of manufacturers and measures the overall strength of the manufacturing sector. A measure over 50 indicates the sector is growing while over 43 suggests the economy overall is expanding. Over the last five months of 2019 this measure fell below 50, leading analysts and investors to wonder if we were in a manufacturing recession, driven by the U.S.-China trade dispute and slowing global growth. However, January’s reading came in at 50.9, beating expectations of 48.5 and recovering from an almost four year low. January’s surprise gain was met positively by stocks, bond yields, and dollar gains. The PMI had recently been held back by weak export markets and the trade war and it seems that news of the Phase One trade agreement between the U.S. and China supported manufacturing health; however, effects of the coronavirus nearly freezing parts of China’s economy and Boeing’s halted production straining producers will likely impact February’s number. So, while January’s reading was certainly a welcomed surprise, economists are now in “wait and see” mode to see how these risks play out in February.
Print PDF > Is Manufacturing on the Rebound?
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
04.23.2025
According to the most recent Bank of America Global Fund Manager Survey, gold has surged to the top of the…
04.17.2025
This video is a recording of a live webinar held April 16 by Marquette’s research team analyzing the first quarter…
04.17.2025
No, you are not seeing double. This very special edition of our chart of the week series comes with an…
04.16.2025
As markets swirl and stagflation fears mount, what should investors do? Our newsletter…
04.09.2025
Earlier this week, Marquette published a newsletter detailing the ongoing market volatility caused by the Trump administration’s…
04.07.2025
The global trade landscape has been significantly reshaped by a series of aggressive tariffs initiated by President Donald Trump. These…
Research alerts keep you updated on our latest research publications. Simply enter your contact information, choose the research alerts you would like to receive and click Subscribe. Alerts will be sent as research is published.
We respect your privacy. We will never share or sell your information.
If you have questions or need further information, please contact us directly and we will respond to your inquiry within 24 hours.
Contact Us >