According to The Kobeissi Letter, gold prices have surged above $3,300 per ounce, continuing an aggressive rally even as the S&P 500 has climbed 17% from its April 7th low (source: @KobeissiLetter, Twitter, May 5, 2025). Notably, the gold ETF $GLD has outperformed the S&P 500 by 35 percentage points since 2020. This significant outperformance highlights strong investor demand for gold as a hedge, signaling potential momentum for trend-following traders and reinforcing gold's role as a safe haven asset in diversified portfolios (source: @KobeissiLetter, Twitter). Traders should monitor gold price action for potential breakout opportunities and consider the ongoing strength relative to equity markets.

According to MilkRoadDaily, Maker (MKR) has been quietly outperforming major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), climbing 20% while BTC and ETH have been experiencing declines.

According to Crypto Rover, Ethereum ($ETH) is significantly outperforming Bitcoin ($BTC), marking the start of the altcoin season. This trend suggests a shift in investor focus towards alternative cryptocurrencies, potentially driven by recent developments in Ethereum's network upgrades and increased DeFi activity. Traders should monitor this momentum as it may offer profitable opportunities in the altcoin market. Source: Crypto Rover.

According to Greeks.live, there is notable outperformance in the cryptocurrency market. This indicates that certain crypto assets are performing better than expected, which could present trading opportunities for investors looking to capitalize on these trends.