The Business cycle continues to expand.


S&P Manufacturing PMI hit 55.3 today, beating expectations of 53.8.
Every single month, smashing expectations.
Although this isn't the total ISM reading, it is a very strong correlation to it.
For reference, levels of 55+ have only ever happened within the biggest periods of expansion(bull markets).
Last three times we hit 55+ were:
- 2013
- 2017
- 2020
Do you guys remember what happened within those years?
Yes.
SPX4.27%
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