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Business Cycle Slowdown Will Intensify Into Recession | Mike Singleton

Forward Guidance

CHAPTER

Composite PMI, Manufacturing, and Services

This chapter analyzes the composite PMI and its relationship with manufacturing and services. It discusses the recent increase in the composite PMI and why it is expected to decline. The chapter also compares the ISM data and SMP data, emphasizing the importance of PMI data in relation to risk assets.

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