PMIs Suggest US Economy Contracted in May

However, the business cycle model shows the PMIs bottomed long-term. A rise above 50.0 signals economic growth. PMIs should return to positive correlation to US GDP suggesting economic growth. This should be supportive of the model forecast for growth and stock market bull market this decade. The model will assist with identification of moments of throttle-up and throttle-down. And some day it will warn of a cyclical recession. When? See the free video-podcast on PMIs and the economy at criticalpoint.podbean.com