According to The Kobeissi Letter, the Dallas Fed Manufacturing Index experienced a significant decline of 19.5 points in April 2025, reaching -35.8, which marks its lowest level since the 2020 pandemic. This result fell sharply below market expectations of -14.2 points, signaling deepening contraction in the manufacturing sector. New orders also dropped 19.9 points to -20.0, the weakest reading since November 2022, while companies’ outlook declined by 17.6 points. Such negative data increases the likelihood of risk-off sentiment in financial and crypto markets, as traders may anticipate potential spillover effects on broader economic performance and liquidity conditions (source: The Kobeissi Letter on Twitter, May 1, 2025).

According to The Kobeissi Letter, the Philadelphia Fed Services index fell by 19.4 points in March to -32.5, marking the lowest level since the 2020 pandemic. This decline, excluding 2020, represents the worst reading in 14 years. The new orders index also dropped by 18.2 points to -19.5, the lowest since April 2023. These figures suggest significant economic strain, with potential impacts on cryptocurrency trading strategies as market participants may reassess risk exposure.

According to The Kobeissi Letter, the Philadelphia Fed Manufacturing index experienced a significant drop of 5.6 points in March, reaching 12.5, marking its second consecutive monthly decline. The six-month outlook for new orders also plummeted by 30.8 points to 2.3, the lowest level in three years, indicating potential challenges ahead for traders focusing on manufacturing sectors. This event represents the third-largest decline in history, surpassed only by the declines observed in 2008, emphasizing the need for traders to reassess their positions in related markets.

According to The Kobeissi Letter, the ISM Manufacturing PMI fell by -0.5 points to 50.3 in February, missing expectations of 50.9. A significant decline in new orders by -6.5 points to 48.6, entering contraction territory, underscores a bleak outlook for the manufacturing sector. The employment index also decreased, hinting at potential stagflation risks.

According to The Kobeissi Letter, the ISM Manufacturing PMI fell by -0.5 points to 50.3 in February, below the expected 50.9. New orders significantly decreased by -6.5 points to 48.6, entering contraction territory and indicating a bleak outlook for the manufacturing sector. The employment index also declined, suggesting potential stagflation concerns.