The ISM Manufactures Index: Why It's An Important Economic Indicator

There are a lot of very important economic indicators that economists use try to predict the direction of the U.S. economy. One of those indicators is the ISM Index otherwise known as the Manufactures Index. This video will explain how the ISM index works, recent trends in the ISM Index, and whether or not a contraction in the index has been followed by a recession in the past.

[@A_friend_of_Aristotle]

The ISM PMI's measure the future expansion of economic activity, not the stock market. Benchmarking the PMI's to the S&P 500 is useless because they're both leading indicators...they should be benchmarked against GDP.
The PMI's in fact predict GDP 12-18 months in advance with a success rate of about 80%. If you were reasonably certain about GDP's direction 12-18 months into the future would that influence your equity bias?
You could make money with this alone by trading the index, but that's not where the juice is...

[@gotraderpros]

Good stuff. So where is this juice