According to @AltcoinDaily, the U.S. ISM Manufacturing PMI has shown consistent expansion in recent months, reaching 52.7 in March, up from 52.4 in February and 52.6 in January. Past data indicate a correlation between crypto bull markets and PMI upticks, highlighting potential trading opportunities as U.S. manufacturing growth continues.

According to Edward Dowd, the manufacturing PMI has returned to contraction territory at 49 after a short-term increase attributed to a 'Trump confidence bump'. Historically a reliable indicator for GDP and employment, this correlation has faltered in 2023 and 2024.

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.