November's manufacturing numbers just dropped, and they're not pretty. The ISM index clocked in at 48.2% — that's the ninth month in a row stuck in contraction territory. Wall Street analysts were hoping for better, but reality had other plans. The manufacturing sector keeps struggling to break above that critical 50% threshold. What does this mean for risk assets? When traditional markets show weakness like this, capital flows often get unpredictable. Worth watching how this ripples through crypto markets in the coming weeks.