Are we standing on the brink of a recession? Join us as our Chief Investment Officer, Megan Horneman, takes a deep dive into the ISM Manufacturing Index - an often overlooked but crucial economic indicator. With a compelling discussion on how the index has plunged into contraction territory for a concerning nine months, Megan highlights how this has historically signaled an impending recession. Listen in as she unpacks each component of the index, all of which are also in contraction, and elaborates on the impact of these on inflation, the supply chain, and most crucially, the labor market. 

Megan doesn't hold back, bringing to light the troubling fall in employment rates, which are hitting lows not seen since July 2020. She paints a stark picture of the correlation between this level of the index and the unemployment rate, pointing out the disconnect in current trends. This is no ordinary dip in the market; this raises real fears for the future of our labor force. As she voices her concerns about potential cracks in the market, Megan echoes the need for caution as we navigate the second half of this year. Got a burning question or want to share your thoughts? Shoot us an email at [email protected]. This episode promises to be an enlightening exploration of the economic landscape, one you definitely won't want to miss!

https://youtu.be/3MuSnEpl5B8

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