Correlated Market Psychology: PMI And Retail Money Funds

Correlated Market Psychology: PMI And Retail Money Funds

The PMI and Retail Money Funds (RMF) are well-correlated market psychology indicators.

The COVID work-from-home-related issues declined, but investors transitioned from gaming to cryptocurrency, which then transitioned quickly to AI.

Investors are rapidly warming to US industrial, transportation, and construction issues as it becomes apparent significant growth is occurring with the new tariff agenda.

The PMI and Retail Money Funds (RMF) are well-correlated market psychology indicators.

This chart compares monthly data that is dependent on the pace of monthly manufacturing PMI releases.

RMF reports weekly and monthly only available through May, while the PMI