Back in February, I summarized a few potential recession signals. In that commentary I also stated;
“However, I’ll start to get really concerned when this ISM Purchasing Manager’s Index drops below 50, which would round out a trifecta of recessionary signals.”
Today, it was announced that the ISM Manufacturing PMI has contracted with a reading at 49.1 (below 50 indicates contraction). Continue reading “Final Shoe Drops”