According to @StockMKTNewz, 69% of S&P 500 index members that have reported earnings have beaten expectations, the highest beat ratio in four years, citing Bloomberg. FactSet’s Earnings Insight tracks beat rates as a core gauge of earnings breadth used by market participants, making this metric directly relevant for equity positioning, source: FactSet. IMF research finds BTC’s returns have become more correlated with the S&P 500 since 2020, so stronger US earnings breadth can coincide with supportive risk sentiment for crypto when correlations are elevated, source: International Monetary Fund.