According to The Kobeissi Letter, the S&P 500 experienced a 100-point decline after previously rising to 5950, highlighting a notable discrepancy between higher bond yields and equity prices (source: The Kobeissi Letter, May 21, 2025). This divergence is critical for crypto traders, as equity market volatility often drives increased risk appetite or aversion in crypto assets. Monitoring such macroeconomic signals can help traders anticipate potential shifts in Bitcoin and altcoin momentum, especially with rising yields signaling possible liquidity tightening.

According to The Kobeissi Letter, investors are driving equity prices higher even as the debt crisis persists. The report highlights that the top 10% of stocks now account for a record 75% of the US stock market. The continued rise of Big Tech supports the market's historical resilience, suggesting a strong bullish sentiment among traders despite macroeconomic challenges.

According to The Kobeissi Letter, equity prices continue to surge despite the ongoing debt crisis, with the top 10% of stocks now accounting for a record 75% of the US market. The report highlights that as long as Big Tech stocks keep rising, the market will maintain its historical resilience, offering traders potential opportunities in the tech sector.