According to Edward Dowd, the short-term bump in Manufacturing PMI, which was likely influenced by a Trump-induced confidence boost, has ended, dropping back to 49. Historically, Manufacturing PMI has been a reliable leading indicator of GDP and employment trends. However, this correlation has failed to hold since 2023, affecting economic forecasts and trading strategies. Source: Edward Dowd's Twitter.

According to The Kobeissi Letter, gold has experienced a significant rise of over 50% within the last 12 months, adding more than $7 trillion to its market capitalization. This kind of increase is unprecedented during periods typically considered economically healthy. The Kobeissi Letter suggests that gold is currently serving as a crucial leading indicator in the market, signaling potential underlying economic issues.

According to The Kobeissi Letter, gold has risen over 50% in the past 12 months, increasing its market capitalization by more than $7 trillion. This significant growth is unprecedented during times of economic health, positioning gold as a crucial leading indicator in the current market environment.

According to Matt Hougan, Bitcoin serves as an indicator that the economy is on edge, as mentioned in his recent tweet. This perspective could influence traders to pay attention to Bitcoin price trends as a reflection of broader economic conditions. Monitoring Bitcoin could provide insights into economic stability and inform trading strategies. [Source: Matt Hougan's Twitter]

According to Crypto Rover, the newly reported unemployment rate of 4% falls below the expected 4.1%, creating a bullish sentiment for Bitcoin. This economic indicator suggests a stronger economy, which may lead to increased investment in risk assets like Bitcoin. This development could encourage traders to consider long positions as the macroeconomic environment appears supportive. Source: Crypto Rover.