Financial markets price securities based upon future expectations. Based on the shape of the yield curve, financial markets reflect anticipation of the Federal Reserve (Fed) cutting rates aggressively in response to a recession. Given the recent market rally and high equity valuation levels… READ MORE
PMIs Are Flashing Recession
The Purchasing Manager’s Index (PMI) is compiled and released monthly by the Institute for Supply Management (ISM). It is based on a monthly survey sent to senior executives at more than 400 companies in various industries… READ MORE