According to The Kobeissi Letter, as cited by ZeroHedge, the ADP Employment Report showed the US economy added just 62,000 jobs in April 2025, marking the lowest figure since July 2024. This weaker-than-expected jobs number caused US Treasury yields to sell off immediately, reflecting trader anticipation of slower economic growth and potential shifts in monetary policy. For crypto traders, softer employment data can signal increased risk aversion and a possible shift in capital flows, potentially affecting digital asset valuations and market volatility (source: The Kobeissi Letter via ZeroHedge, April 30, 2025).

According to The Kobeissi Letter, gold imports to the US have increased significantly, prompting the Atlanta Fed to make adjustments. Gold prices have surged by 70% since October 2023, reaching 52 all-time highs in the past 12 months. This trend is atypical outside periods of economic weakness, indicating potential warning signs for traders.