According to The Kobeissi Letter, the US CapEx intentions indicator fell to -1.5 points in April, marking its lowest level since 2020, as reported by BCA Research. This indicator, which draws on CapEx expectations from the NFIB small business survey and various Fed regional surveys, signals a notable slowdown in business investment. Historically, such a sharp decline has preceded periods of reduced economic activity, often leading to increased market volatility and risk-off sentiment in both equity and crypto markets (source: The Kobeissi Letter, April 29, 2025). Traders should monitor potential impacts on S&P 500 futures and major cryptocurrencies such as Bitcoin, as lower CapEx could influence liquidity and risk tolerance across risk assets.
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US CapEx Intentions Indicator Drops to Lowest Level Since 2020: Key Signals for Stock and Crypto Traders – Blockchain News
