Markets took another leg down after the November ISM PMI figures dropped. U.S. equities pushed further into the red—nothing dramatic, but enough to remind everyone that macro data still moves the needle. The manufacturing index came in softer than expectations, and traders didn't waste time repricing risk. Traditional markets and digital assets often dance to the same tune when Fed policy speculation heats up. If the data keeps sliding, we might see more volatility spilling over into crypto. Keep an eye on how risk appetite shifts in the coming sessions—liquidity tends to get tight when uncertainty creeps in.