What is the ISM Manufacturing Index (or PMI) and why do investors care?

You keep hearing me mention the ISM Manufacturing Index in my market updates and updated data is coming out on Monday, so let's actually break down what it is! 📈 The ISM Manufacturing Index (or PMI) surveys 400 purchasing managers every month to see if manufacturing is growing or shrinking. Above 50 = good, below 50 = warning sign. This is one of the most important economic indicators, so let's decode it together!

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