According to MilkRoadDaily, traders should closely monitor several major economic events this week, including the release of S&P Global Services PMI and ISM Non-Manufacturing PMI data, as well as the latest Initial Jobless Claims figures. Additionally, around 20% of S&P 500 companies are reporting earnings. These events are likely to impact traditional markets and crypto price action, as macroeconomic data and corporate earnings can influence risk sentiment and liquidity flows (source: MilkRoadDaily via Twitter, May 5, 2025).

According to The Kobeissi Letter, citing Zerohedge, initial jobless claims in Washington DC have surged over 200% Year-to-Date (YTD), while Texas has seen an increase of approximately 140% during the same period. This contrasts with the majority of other states, which have experienced a decline in unemployment claims. This data highlights potential economic distress in these areas, which could affect local economic stability and labor market conditions, influencing investment decisions.