Welcome to the US Crypto News Morning Briefing. We'll inform you about today's key cryptocurrency developments.
Wall Street's record highs might be hiding deeper issues. Several key indicators point to a less optimistic reality than the market believes.
3 Macroeconomic Indicators Reveal US Economic Risks
According to recent US crypto news, the S&P 500 continues to record historic highs. However, several macroeconomic indicators suggest that the US economy's fundamental strength may not be as robust as market performance.
Joao Wedson, founder and CEO of Alpractal, pointed out three indicators painting a more cautious picture. He mentions industrial productivity, consumer sentiment, and the Kansas City Fed's Labor Market Conditions Index.
"[These] show that the reality of the US economy does not align with stock market performance." – Wedson
Industrial Productivity Stagnation
The industrial productivity index measures how efficiently the industrial sector produces goods and services over time. It has not significantly changed since 2007.
Wedson sees this as a result of economic focus shifting to the tech sector after the iPhone. Meanwhile, traditional sectors like mining, services, and manufacturing have lost jobs.
This indicates that US economic growth over the past 20 years has been concentrated in a few high-growth industries.
Weak Consumer Sentiment
While the stock market is surging, consumer confidence remains low. The index plummeted last month and has only slightly rebounded despite stock rises.
"...the average American is not optimistic about the economy or personal financial situation." – Wedson
Low sentiment suggests households are struggling with inflation pressures, high interest rates, and stagnant wage growth. This occurs despite investors gaining profits in the surging tech sector.
Labor Market Disconnect
Perhaps the most important signal comes from the Kansas City Fed's Labor Market Conditions Index, which synthesizes 24 employment variables.
"[S&P 500 growth] does not align with the actual evolution of employment and working conditions." – Wedson
Instead, large tech companies like Nvidia and Microsoft have driven market momentum.
Meanwhile, traditional industrial and labor-intensive sectors have shown limited progress over 20 years. This difference raises sustainability concerns if stock rises are concentrated in a narrow range of stocks.
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Cryptocurrency Stocks
| Company | Closed on August 13 | Pre-Market Overview |
| Strategy (MSTR) | $389.90 | $385.20 (-1.21%) |
| Coinbase Global (COIN) | $327.01 | $327.25 (+0.073%) |
| Galaxy Digital Holdings (GLXY) | $28.34 | $28.66 (+1.13%) |
| MARA Holdings (MARA) | $15.86 | $15.76 (-0.63%) |
| Riot Platform (RIOT) | $11.59 | $11.51 (-0.69%) |
| Core Scientific (CORZ) | $13.85 | $13.80 (-0.36%) |
