Manufacturing PMI Gets Even Uglier, But Is It The End Of The World? | DJT, FDX

It was another ugly data set from the ISM manufacturing read, but it may not mean we’re headed for a full-blown recession.

ISM industry breakdown – August 2016

Charts of interest from July’s ISM purchase managers survey’s for manufacturing and non-manufacturing sectors. Above clearly demonstrates as to why I am bullish on the US stock market for the months ahead.