Here's something worth paying attention to: job creation in 2025 under the current administration has hit its slowest pace since 2003—and that's not even counting recession periods. For context, this means hiring momentum is pretty weak compared to historical norms. If you're thinking about broader economic cycles and how they might ripple through asset markets, this employment slowdown could be a signal worth watching. Fewer jobs typically mean softer consumer spending, which eventually touches everything from traditional markets to the crypto space.