ISM as an Economic Indicator

14 Ağu 2016

The ISM index and unemployment growth rates show negative correlation while ISM shows positive with monthly Shiller P/E10 Ratios across S&P 500. Why would price multiples on equities rise if manufacturing doesn't rise, if GDP growth doesn't rise? Deviation of ISM and P/E10 trendline signals point in credit cycle and overvalued equity.

14 Ağu 2016

Not

Using ISM as THE economic indicator