ISM versus PMI: which do you trust for the US?

The US has two manufacturing surveys — the ISM and the Markit PMI — and they disagree regularly. The market watches both and weights them differently over time.

ISM versus PMI: which do you trust for the US? — risk-reward diagram
A risk-reward ratio of 1 to 2

What's your preference?

  • which survey you trust and why
  • how you handle their disagreements
  • the reading you apply to each
ISM versus PMI: which do you trust for the US? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

Background: PMI explained and US ISM services.

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