According to @KobeissiLetter, the Dodge Momentum Index surged 60% year over year in September to the highest level on record, signaling exceptional strength in the U.S. non-residential construction pipeline (source: @KobeissiLetter). According to @KobeissiLetter, the index is a leading indicator that typically tracks projects from planning to groundbreaking within 9–12 months, providing traders with a timing gauge for upcoming construction activity (source: @KobeissiLetter). According to @KobeissiLetter, growth was led by a 75% YoY spike in institutional projects such as healthcare and public buildings and a 53% YoY jump in commercial activity driven by data centers and retail, highlighting AI-driven data center demand as a core catalyst (source: @KobeissiLetter). According to @KobeissiLetter, the index also rose 3% month over month in September, extending an uptrend after 5% in August and 21% in July, reinforcing momentum in the planning pipeline (source: @KobeissiLetter). According to @KobeissiLetter, the author links the acceleration to AI’s growing real-economy impact, which traders can align with the index’s 9–12 month lead time when assessing exposure to AI-related construction and infrastructure flows; no specific cryptocurrencies are cited in the source (source: @KobeissiLetter).

According to @cas_abbe, Bitcoin’s resilience despite persistent bearish headlines is tied to improving liquidity conditions and BTC’s high sensitivity to liquidity, source: @cas_abbe on X. @cas_abbe notes that BTC often moves before stocks and other risk assets, suggesting traders can treat BTC as a lead indicator for equity and altcoin beta, source: @cas_abbe on X. In practice, align risk exposure with BTC’s direction around liquidity inflection points and use BTC strength or weakness to time entries and exits in equities and high‑beta crypto, source: @cas_abbe on X.

According to André Dragosch, a specific trend serves as a leading indicator for US Purchasing Managers' Indexes (PMIs), which could influence cryptocurrency trading due to its impact on macroeconomic conditions. The correlation identified may help traders anticipate market shifts by aligning cryptocurrency trading strategies with anticipated changes in US economic performance, as reflected in PMIs. Source: [Twitter](https://twitter.com/Andre_Dragosch/status/1906461729414099075?ref_src=twsrc%5Etfw)

According to The Kobeissi Letter, crypto markets were at their highest greed levels in history just two months ago, but last week saw extreme fear levels not observed since the 2022 and 2020 bottoms. This shift underscores crypto's role as a primary leading indicator for risk appetite.

According to André Dragosch, PhD, Bitcoin might serve as a leading indicator in macroeconomic trends, akin to a 'canary in the coal mine'. This assertion, originally noted by Matt Hougan, suggests traders should closely monitor Bitcoin's performance for potential signals of broader economic shifts. The concept implies that fluctuations in Bitcoin's value could precede or reflect changes in global economic conditions, offering traders a strategic advantage in anticipating market movements. (Source: @Andre_Dragosch)

According to André Dragosch, PhD, construction employment typically leads overall employment trends in the US, which could have implications for market participants. Traders might consider monitoring construction employment data as a potential leading indicator for broader economic trends and adjust their strategies accordingly. This insight is particularly relevant in the context of the latest JOLTS report. (Source: André Dragosch, Twitter)