Early Signs of U.S. Manufacturing Recovery Indicate Potential Market Turnaround

Despite ongoing contraction in the U.S. manufacturing sector, one key indicator suggests a potential market turnaround is underway. According to seasoned traders like Merlijn The Trader, New Orders within the ISM Purchasing Managers Index are starting to climb again. This trend aligns with historical data showing a strong correlation between rising New Orders and market reversals. 2013, 2017, and 2021 saw similar patterns occur before major bull markets.