The Most Important Investment Indicator for 2014
CNBC’s Closing Bell welcomes Frank Holmes to share his investment ideas for the new year. Frank says the global Purchasing Manager’s Index (PMI) is the most important indicator for investors looking into 2014. The PMI readings show early signs of economic strength and well being for the manufacturing sector.
- Learn how to shift your investment strategy using global PMI numbers.
- Frank Holmes tells Forbes’ readers to “follow the money.” Read the interview.
- As we wrap up 2013, take a look back at the year of the bull.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for their content. The S&P 500 Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The following securities mentioned were held by one or more of U.S. Global Investors Funds as of 9/30/13: BHP Billiton Ltd.