Diverging Economic Signals: PMI Insights

This chapter analyzes the contrasting signals from the Purchasing Managers' Index (PMI) surveys in the manufacturing and services sectors, highlighting a divergence in economic health. It discusses shifts in consumer behavior and sentiment in America, revealing a paradox where economic indicators appear strong despite widespread dissatisfaction. Additionally, the chapter evaluates market implications of these trends, focusing on the disconnect between stock market performance, interest rates, and consumer sentiment.