Today's release of the Chicago PMI for May goes down as the ninth largest percentage decline in the index going back to 1967. In terms of points, this month's drop ranks as the fourth largest. In the table to the right we highlight all monthly declines in the Chicago PMI of 15% or more.
Over at Bespoke Premium, we just published a report highlighting the performance of the S&P 500 in the months following each of these periods. Subscribers wishing to view this report can click on the link below. If you are not yet a client, sign up today.