According to The Kobeissi Letter, the S&P 500 has added about $18 trillion in market value over the last six months, signaling a powerful equity wealth surge concentrated among asset owners, source: The Kobeissi Letter, Oct 31, 2025. According to The Kobeissi Letter, the author also highlights that young Americans are struggling to afford everyday purchases such as Chipotle, underscoring widening affordability pressures, source: The Kobeissi Letter, Oct 31, 2025. For traders, rising stock market wealth has coincided with stronger risk-on behavior across assets, and BTC has displayed increasing correlation with U.S. equities since 2020, which raises the likelihood of equity-to-crypto beta transmission during strong S&P 500 advances, source: IMF Blog, Crypto Prices Move More in Sync With Stocks, Jan 2022.