According to @KobeissiLetter, the S&P 500 is now 0.9% below its all-time high, signaling a potential breakout setup for risk assets if momentum persists, source: @KobeissiLetter. According to @KobeissiLetter, the stock market’s Fear & Greed Index has rebounded from Extreme Fear but remains at 27 (Fear), indicating sentiment is still cautious despite price strength, source: @KobeissiLetter. According to @KobeissiLetter, the last time the S&P 500 hit a record, the Fear & Greed Index reading was nearly double current levels, suggesting positioning may be lighter into this test of highs, source: @KobeissiLetter. According to @KobeissiLetter, a move toward 7,000 on the S&P 500 is on the horizon, reflecting a bullish outlook that could extend risk-on conditions, source: @KobeissiLetter. For crypto traders, equity risk-on and improving sentiment have historically increased spillovers into BTC and ETH performance, so a confirmed S&P 500 breakout could provide a tailwind to major crypto assets, source: International Monetary Fund (IMF) 2022 analysis on rising crypto–equity linkages.