According to @KobeissiLetter, the Magnificent 7 have delivered seven consecutive monthly gains totaling 49%, matching their 2023 streak and second only to the 11-month run in 2016–2017. Source: @KobeissiLetter. The group’s combined market cap has surpassed 20 trillion dollars for the first time and now represents a record 35% of the S&P 500’s market capitalization. Source: @KobeissiLetter. With index leadership this concentrated, S&P 500 performance and volatility are increasingly driven by mega-cap tech earnings and guidance, a key factor for cross-asset risk management. Source: @KobeissiLetter. For crypto traders, BTC and ETH have periodically shown positive correlation with US tech-heavy equity indices, making tech-led risk sentiment a relevant macro input for digital asset positioning. Source: Kaiko Research.