A Peak in Manufacturing Doesn’t Mean Stock Market Gains Are Over
– Over the last five economic cycles, expansions continued for nearly four years
(on average) following an ISM manufacturing peak.
– During this period, the S&P 500 Index cumulatively gained an average of nearly 57%.
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Source:
LPL Research, Bloomberg 06/15/18
Important Disclosures:
’Cumulative S&P Performance’ is S&P 500 index data.
The Standard & Poor’s 500 Index is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
All indexes are unmanaged and cannot be invested into directly. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment. All performance referenced is historical and is no guarantee of future results.
The opinions voiced in this material are for general information only and are not intended to provide or be construed as providing specific investment advice or recommendations for any individual security.
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