S&P Global PMI | RecessionAlert

Tag Archives | S&P Global PMI

MIB Daily: Korea Nukes Semis (SOXX -7.5%, MU -13.2%), Iran Senate Locks WTI at $73.74 — BofA 3-Hike vs. Pantheon Disinflation: Thursday PCE Decides

By RecessionALERT on June 23, 2026 in Reflections

The Korean Kospi’s ETF-driven circuit-breaker detonated a global chip rout — SOXX -7.5%, MU -13.2%, Nasdaq 100 -3.30%; ~$776B erased in a single session. BofA simultaneously raised its Fed call to three 2026 hikes, pushing futures to 66% year-end probability; former NY Fed chief Dudley warned the Fed risks losing credibility as an inflation fighter. Senate passed an Iran War Powers resolution 50-48 — the first bipartisan passage ever — cementing de-escalation as WTI extended to $73.74. Micron reports tonight.

Read full story · Comments are closed

MIB: Arrested, Crashed, and Breached — SMCI Co-Founder Busted, Semis Collapse, and S&P Falls Below Its 200-Day

By RecessionALERT on March 20, 2026 in Reflections

Fed’s hawkish echo crushes markets: S&P -1.51%, VIX +11%, 200-DMA breached for first time in 214 sessions. Semis rout: INTC -5%, MU -4.81%, NVDA -3.28% on post-GTC sell-the-news. SMCI co-founder arrested for smuggling $2.5B in Nvidia chips to China (SMCI -28%). 10Y yields spike +10 bps to 4.384%. Iran targets Gulf energy — WTI hits $98. FedEx surges +9% after blockbuster beat-and-raise.

Read full story · Comments are closed

IMPORTANT DISCLAIMERS: Although many of our models rely heavily on back-testing, optimisation and probability methods, please note that past performance is NO GUARANTEE for future returns. No system devised by man can predict the future, let alone the future of the markets and economies. What we have are sets of mathematical models that use historical data and varying theories to pinpoint places in time when the STATISTICAL LIKELYHOOD of calling the start and end to recessions is the greatest. In the midst of all the best mathematical models, you can have geo-political events, wars, terrorist attacks, natural disasters and even nuclear accidents that tip everything upside down. This is always a risk factor you need to factor in on any recession call no matter how confident you are in a signal. The SuperIndexes are created through mathematical and statistical optimisation techniques that best fit the historical NBER data. There is no guarantee that out-of-sample performance will match that of prior in-sample performance.