According to The Kobeissi Letter, the Conference Board Leading Economic Index (LEI) fell by 0.7% month-over-month in March 2025, marking the largest decline since October 2023 and the fourth straight monthly drop. The report cites weakening US consumer sentiment and declining stock prices as the most significant negative contributors (source: The Kobeissi Letter, May 4, 2025). For traders, this persistent decline in the LEI signals rising economic headwinds and potential risk-off sentiment in both traditional and cryptocurrency markets. Monitoring risk assets and safe-haven flows is recommended as macroeconomic uncertainty may lead to increased volatility.

According to The Kobeissi Letter, President Trump stated that 'this is Biden's stock market, not Trump's' and warned that 'tariffs will soon start kicking in.' He emphasized the need to 'get rid of the Biden overhang' for an economic 'boom' to begin (source: The Kobeissi Letter, April 30, 2025). These remarks point to potential increased market volatility, especially in sectors sensitive to tariff policy and trade relations. Traders should monitor upcoming tariff implementation timelines and sector-specific impacts, as well as the broader sentiment shift regarding U.S. economic leadership.