Just in: American industrial production is firing on all cylinders. The latest reading shows the strongest annual growth rate we've seen since April 2022.

This matters more than you might think. When manufacturing output accelerates this hard, it typically signals either robust demand or businesses gearing up for expansion—both of which ripple across asset markets. Historically, strong industrial cycles tend to coincide with periods of risk-on sentiment, though inflation readings and Fed policy responses add extra wrinkles to the picture.

For crypto investors keeping tabs on macro trends, industrial data feeds into the broader narrative around economic momentum, employment health, and real rates. Worth monitoring alongside other leading indicators as we head into the next quarter.