Chicago PMI Plunges! A Warning of a Stagflationary Depression?

Friday's PMI number was horrific!!

The PMI number released yesterday was bad! I did a quick video on this I’m attaching here, but just look at this chart….

It’s pretty clear a child could tell you something is wrong and we are back at prior financial crisis lows.

The issues with Boeing this year may be a big outlier as far as pulling the data down but we still can’t dismiss this trend low…