According to @CNBC, FedEx posted an earnings beat and its CEO said "FedEx is the heartbeat of the industrial economy" following the results, highlighting the company’s role as a macro bellwether (source: CNBC). According to Investopedia, transportation stocks are monitored under Dow Theory as confirmation of economic momentum, making an FDX earnings beat a key signal equity traders watch for cyclical confirmation (source: Investopedia, Dow Theory overview). According to the International Monetary Fund, crypto assets such as BTC and ETH have shown stronger co-movement with equities in recent years, so improved sentiment toward transports can translate into broader risk-on signals that traders may track in crypto markets (source: IMF blog on rising crypto–equity correlation).