According to The Kobeissi Letter, the ISM Manufacturing PMI fell to 48.7 in April 2025, marking the lowest level since November 2024 and indicating a second consecutive month of contraction (source: @KobeissiLetter, May 2, 2025). New orders rose by 2 points to 47.2 but stayed below the 50.0 threshold for the third month, signaling ongoing weakness in industrial demand. For traders, this downturn in manufacturing activity could increase short-term volatility in both the crypto and equity markets as risk-off sentiment prevails. Historically, declining PMI data often leads to defensive trading strategies and heightened attention to safe-haven assets such as Bitcoin, stablecoins, and gold. Monitoring further macroeconomic releases is advised for timely portfolio adjustments.

According to The Kobeissi Letter, US existing home sales dropped by 5.9% month-over-month in March 2025, reaching an annualized rate of 4.02 million, the weakest March figure since 2009 and the largest monthly decline since November 2022 (source: The Kobeissi Letter on Twitter, April 27, 2025). This sharper-than-expected downturn signals growing economic headwinds, which could prompt traders to anticipate increased volatility in both equity and crypto markets as risk sentiment deteriorates and expectations for Federal Reserve policy shifts intensify.