Chicago PMI Surprises With Steeper Decline 📉
The Chicago Business Barometer, a key economic indicator, dropped significantly in December 2024, signaling a continued contraction in Chicago's economic activity for the 13th consecutive month.
The sharp decline in the Chicago PMI, a leading indicator of economic conditions, suggests a significant slowdown in the Chicago region's economy. This could have a negative impact on the overall performance of the investment portfolio, which includes exposure to the S&P 500, European markets, and other global equities. The prolonged contraction in economic activity may lead to reduced corporate earnings and weaker market sentiment, potentially affecting the portfolio's long positions in these assets.