029: Understanding the ISM Index's Prediction of Recessive Trends 08-01-23

Markets with Megan: A Quick Financial Markets Update · Aug 1, 2023 · 2m · transcript

Are we standing on the brink of a recession? Join us as our Chief Investment Officer, Megan Horneman, takes a deep dive into the ISM Manufacturing Index - an often overlooked but crucial economic indicator. With a compelling discussion on how the index has plunged into contraction territory for a concerning nine months, Megan highlights how this has historically signaled an impending recession. Listen in as she unpacks each component of the index, all of which are also in contraction, and elaborates on the impact of these on inflation, the supply chain, and most crucially, the labor market…