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On CNBC Asia’s Wall Street Wrap, Frank Holmes warned viewers about a potential “passive investment index crash” looming on the horizon. With companies shrinking their float and global purchasing manager’s index (PMI) data turning negative, Frank believes there could be a massive sell-off when it comes time to rebalance at year’s end, similar to what happened to the tech bubble in 2000.

To see the full interview, watch the replay here!

Watch the interview here!


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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.