Industrial stocks have outperformed the S&P 500 over the past 12 months despite ISM being below 50, demonstrating that ISM is not a reliable equity market predictor and consensus reliance on it for recession forecasting was misplaced.
factualpending
Speaker
Neil DuttaEvidence Quote
“I mean we know that industrial stocks have generally been up performing over the last 12 months and that's been during a time where the ism has been below 50”
Created: 8/12/2026, 6:02:32 PM
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