According to @KobeissiLetter, the S&P 500 has recorded four drawdowns of at least -20% over the last 10 years, the most on record (source: @KobeissiLetter). The source notes that comparable 10-year windows before 2020 typically saw only 1–2 such drawdowns, and there were none during the 7–10 year period ending in the late 1990s (source: @KobeissiLetter). @KobeissiLetter attributes the shift to markets becoming more reactive to headlines and macroeconomic changes, resulting in massive swings in asset prices and urging traders to capitalize on this volatility (source: @KobeissiLetter).

According to @KobeissiLetter, Nvidia (NVDA) reached a 5 trillion dollar market capitalization during overnight trading. According to @KobeissiLetter, the update specifies the milestone and timing only, with no additional details on price levels, volume, or index impact. According to @KobeissiLetter, the post does not reference any crypto market impact.

According to @KobeissiLetter, President Trump said he will speak with China’s President Xi about Nvidia’s Blackwell chip and added that Jensen Huang presented him with a Blackwell chip in the Oval Office; Nvidia shares are surging in overnight trading on the headline (source: @KobeissiLetter on X, Oct 29, 2025). For crypto traders, AI-linked tokens such as RNDR, FET, and TAO have historically reacted positively around major NVDA catalysts, indicating potential cross-asset momentum to monitor during U.S. premarket and cash sessions (source: Kaiko Research analyses on AI tokens’ performance around Nvidia events, 2024).

According to @KobeissiLetter, Nvidia stock (NVDA) added about $300 billion in market value today when including after-hours trading (source: @KobeissiLetter, X post dated Oct 28, 2025). According to @KobeissiLetter, this single-day increase is larger than the entire market capitalization of all but 40 companies worldwide (source: @KobeissiLetter, X post dated Oct 28, 2025).

According to @KobeissiLetter, more NYSE and Nasdaq stocks have printed 52-week highs than lows for 24 consecutive weeks, the longest run since 2017; source: @KobeissiLetter, Oct 28, 2025. This is the third-longest streak in at least a decade, trailing 40 weeks in 2017 and 36 weeks in 2016; source: @KobeissiLetter, Oct 28, 2025. Last week roughly 10% of NYSE and Nasdaq listings made new 52-week highs versus about 3% making new lows; source: @KobeissiLetter, Oct 28, 2025. Meanwhile, 65% of S&P 500 constituents are trading above their 200-day moving average, near the highest share since December 2024; source: @KobeissiLetter, Oct 28, 2025. For crypto traders, equity risk-on breadth is relevant because Bitcoin and stocks have become more correlated since 2020, with the IMF documenting a rising BTC and S&P 500 correlation; source: International Monetary Fund analysis “Crypto Prices Move More in Sync With Stocks,” January 2022.

According to @KobeissiLetter, SPAC founders have raised over $24 billion since November 2024, exceeding the prior two years combined and putting 2025 on track to be the strongest SPAC year since 2021, source: @KobeissiLetter. The majority of recent SPAC deals are targeting nuclear energy, quantum computing, and the cryptocurrency industry, indicating a growing pipeline of crypto-related SPAC activity, source: @KobeissiLetter. Only 11% of the 589 companies that went public via SPAC since January 2019 are trading above their original listing price, source: @KobeissiLetter. Over the same period, 31% have gone bankrupt or been acquired and 48% have declined between -50% and -99% in value, source: @KobeissiLetter.

According to @KobeissiLetter, the S&P 500 has moved above 6,900 for the first time on October 28, 2025, marking a record high level for the index, source: @KobeissiLetter. The move implies roughly 18 trillion dollars in additional market capitalization since the April 2025 bottom, highlighting sustained large-cap equity strength, source: @KobeissiLetter. No sector breakdown or crypto-specific references were provided in the update, so traders only have the headline level and aggregate market cap change for immediate decision-making, source: @KobeissiLetter.

According to @KobeissiLetter, Nvidia stock (NVDA) extended gains to a record high after the company announced 4+ partnerships and $500 billion in expected business over the next six quarters, source: @KobeissiLetter. According to @KobeissiLetter, Nvidia’s market capitalization reached $4.8 trillion, marking the first time any company has achieved this valuation, source: @KobeissiLetter. According to @KobeissiLetter, the update is focused on Nvidia’s equity performance and does not reference cryptocurrency markets or digital assets, source: @KobeissiLetter.

According to @KobeissiLetter, Nvidia announced a partnership with the US Department of Energy, seven new US government supercomputers, a 1 billion investment in Nokia, and 500 billion in expected business over the next six quarters, and is set to announce AI partnerships with Samsung and Hyundai, source: @KobeissiLetter on X dated Oct 28, 2025. Key trading datapoints reported are the US government partnership and seven supercomputers, pending AI partnerships with Samsung and Hyundai, the Nokia investment, and the six‑quarter 500 billion expected business; the source did not cite any direct cryptocurrency market impacts, source: @KobeissiLetter on X dated Oct 28, 2025.

According to @KobeissiLetter, Nokia stock (NOK) surged nearly 30% after an announced 1 billion dollar investment from Nvidia, source: The Kobeissi Letter on X, Oct 28, 2025. The source attributes the move to the Nvidia investment and provides no additional terms, timing, or corporate details, source: The Kobeissi Letter on X, Oct 28, 2025.

According to @KobeissiLetter, Nvidia (NVDA) surged and hit a $4.75 trillion market capitalization after announcing a partnership with the U.S. Department of Energy, signaling a headline-driven rally that drew immediate trading focus to NVDA’s upside momentum (source: @KobeissiLetter). According to @KobeissiLetter, the stock’s sharp move followed the partnership headline, making the news the clear catalyst for the market cap milestone (source: @KobeissiLetter).

According to @KobeissiLetter, Nvidia announced a partnership with the U.S. Department of Energy to build seven AI supercomputers. Source: The Kobeissi Letter on X, Oct 28, 2025. The post states the AI arms race is accelerating and emphasizes the need for more energy. Source: The Kobeissi Letter on X, Oct 28, 2025. For traders, this headline is a catalyst to monitor NVDA and U.S. energy and data center infrastructure equities, with crypto market participants watching power-intensive compute themes due to the energy focus highlighted in the post. Source: The Kobeissi Letter on X, Oct 28, 2025. The post does not mention any cryptocurrencies. Source: The Kobeissi Letter on X, Oct 28, 2025.

According to @KobeissiLetter, OpenAI announced a recapitalization that cements a nonprofit-controlled structure over its for-profit business, with the nonprofit arm referred to as the OpenAI Foundation, source: @KobeissiLetter, Oct 28, 2025. @KobeissiLetter states the nonprofit reportedly holds an equity stake worth USD 130 billion in the for-profit arm, source: @KobeissiLetter, Oct 28, 2025. The post characterizes OpenAI as a USD 500 billion-plus nonprofit entity intertwined with more than 20 large U.S. tech companies, a setup that traders may view through a governance and concentration-risk lens, source: @KobeissiLetter, Oct 28, 2025. No timing, counterparties, or filing details were provided in the post; crypto and equity traders should await official disclosures to evaluate any spillover to AI-linked mega-cap stocks and AI-themed crypto tokens, source: @KobeissiLetter, Oct 28, 2025.

According to @KobeissiLetter, 69.0% of US companies have beaten revenue expectations in Q3 2025, the highest since 69.1% in Q4 2021 and up from 53.3% a year ago, putting this season on track to be the 5th strongest quarter in at least 13 years; the record over this period is 83.1% (source: @KobeissiLetter, Oct 28, 2025). All eyes are on the Magnificent 7 reporting this week—Alphabet, Amazon, Apple, Meta, and Microsoft—which collectively represent about 25% of the S&P 500 market cap, highlighting concentrated index sensitivity into these prints (source: @KobeissiLetter, Oct 28, 2025). Big Tech is on deck, making these scheduled earnings the primary near-term event risk flagged by the source for broad market participants (source: @KobeissiLetter, Oct 28, 2025).

According to @KobeissiLetter, 100% of net wealth in the US stock market since 1926 has been generated by just 3.44% of companies, meaning roughly 97% of stocks contributed minimally to long-term shareholder wealth (source: The Kobeissi Letter, X/Twitter, Oct 28, 2025). The top 1.88% of companies account for 90% of total gains, and a mere 0.26% of firms created half of all wealth, underscoring extreme return concentration in a small set of winners (source: The Kobeissi Letter, X/Twitter, Oct 28, 2025). For trading, this highlights that equity performance historically hinges on a narrow leadership cohort, making concentration risk and index composition key variables, while the post cites no direct crypto impact (source: The Kobeissi Letter, X/Twitter, Oct 28, 2025).

According to @KobeissiLetter, OpenAI has asked the US government in a filing to the White House to expand national energy capacity by 100 gigawatts each year to stay ahead in artificial intelligence and to close an “electron gap” with China (source: @KobeissiLetter on X, Oct 27, 2025). According to @KobeissiLetter, the post emphasizes “We need more power,” providing a concrete 100 GW-per-year benchmark that traders can use to gauge the scale of electricity requirements associated with AI expansion and potential policy responses in US power infrastructure (source: @KobeissiLetter on X, Oct 27, 2025).

According to The Kobeissi Letter, retail investors now account for 22% of all US stock market trades, the highest since February 2021, citing Citadel Securities as the source. Citadel Securities also reports that retail activity has doubled from pre-2020 levels and now represents a record 16% of total single-stock trading volume, per The Kobeissi Letter. Retail traders are executing an average of 1.2 billion shares per day, a record high, according to data from Citadel Securities cited by The Kobeissi Letter. For crypto market context, the last period of comparable retail equity participation coincided with the 2021 meme-stock surge, the same year BTC and ETH set then-all-time highs, based on Coinbase historical price data and Citadel Securities figures reported by The Kobeissi Letter.

According to @KobeissiLetter, Bloomberg reports that NextEra Energy NEE plans to restart a 615-megawatt nuclear plant in Iowa primarily to supply Google data centers, the unit has been shut since 2020, and power deliveries are targeted by 2029, source Bloomberg via The Kobeissi Letter on X on Oct 27, 2025 at x.com/KobeissiLetter/status/1982800274130387288. According to @KobeissiLetter, NEE shares rose sharply on the report, indicating investor focus on nuclear and utility exposure to AI-driven baseload demand, source The Kobeissi Letter on X on Oct 27, 2025 at x.com/KobeissiLetter/status/1982800274130387288. According to @KobeissiLetter and corroborating industry disclosures, for crypto markets the key read-through is that electricity is the largest operating cost for Bitcoin miners and long-term data center power procurement is material to mining margins and hash rate sensitivity, source Marathon Digital Holdings FY2023 Form 10-K and Riot Platforms FY2023 Form 10-K. According to @KobeissiLetter, trading implications include monitoring NEE and other nuclear-exposed utilities for AI power contracts and tracking listed Bitcoin miners whose profitability hinges on power prices and availability, source Bloomberg via The Kobeissi Letter on X for the NEE-Google development and Marathon Digital Holdings and Riot Platforms FY2023 Form 10-Ks for miner cost structures.

According to The Kobeissi Letter (X post dated Oct 27, 2025), Amazon (AMZN) is preparing to announce mass job cuts beginning tomorrow, described in the post as the largest layoff in the company’s history. Per the same source, as many as 30,000 corporate employees could be affected across the corporate workforce. Based on The Kobeissi Letter’s report, traders may watch AMZN for headline-driven volatility and options repricing around the announcement timing, and monitor broader risk sentiment for potential spillover once official details emerge; the post itself does not discuss market impact.

According to @KobeissiLetter, the combined value of major asset classes has reached a record $261 trillion, approximately 210% of the size of the global economy, with the ratio doubling since the 2008 Financial Crisis low (source: @KobeissiLetter). According to @KobeissiLetter, the distribution is equities at 49% or $128 trillion, bonds at 37% or $97 trillion, gold at 6%, private markets at 5%, real estate at 2%, and crypto at 1% of total market value (source: @KobeissiLetter). According to @KobeissiLetter, global markets are rapidly expanding, with equities and bonds dominating the investable landscape while crypto remains 1% by value for cross-asset benchmarking (source: @KobeissiLetter).