According to @KobeissiLetter, the US hard economic data surprise has risen to +22 points, signaling that recent releases such as nonfarm payrolls, retail sales, and industrial production have been beating consensus estimates, source: @KobeissiLetter. @KobeissiLetter describes this as the US having two economies, with hard data notably outperforming expectations, source: @KobeissiLetter. For trading, the positive hard-data surprise backdrop warrants close monitoring of the US dollar (DXY), US Treasury yields, and BTC and ETH price action into upcoming hard-data releases to manage event risk, source: @KobeissiLetter. Key hard-data catalysts highlighted include nonfarm payrolls and retail sales, which are core components tracked by the surprise measure and can drive near-term volatility across FX, rates, and crypto markets, source: @KobeissiLetter.

According to FoxNews, a chemical plant explosion in China has resulted in at least five fatalities, highlighting concerns over industrial supply chain disruptions. The incident may lead to short-term volatility in global commodity markets, especially chemicals and raw materials, which could indirectly impact related crypto sectors such as supply chain tokens and tokenized commodities. Traders should monitor for increased risk premiums and potential price swings in both traditional and digital assets tied to industrial production (source: FoxNews, May 27, 2025).