BREAKING:
ISM Manufacturing just came in at 52.6, versus expectations of 48.5.
That’s a huge upside surprise.
This lines up with our view that ISM would start moving higher in 2026.
The ISM has been deviating from history. It has always followed a 4-year cycle but it hasn't happened this time.
Usually, when ISM touches 50, it signals growth expansion into the economy and risk assets have a major boom. Especially crypto.
This is why we think ISM is likely to keep rising in 2026:
Why ISM is likely to keep rising in 2026:
- Surging AI-driven demand is pushing revenues and capex higher
- Higher capex feeds directly into economic expansion
- The Trump administration is “kitchen-sinking” policy to keep growth strong
If ISM continues to hold above 50, history suggests risk assets still have room to run.
HIGHER.