According to The Kobeissi Letter, since the April 7th, 2025 low, the S&P 500 has increased its market capitalization by approximately $7.5 trillion, with the Magnificent 7 tech giants accounting for around 54% of this gain by adding $4 trillion in value. This concentration of growth highlights Big Tech's dominant influence on the broader market's performance. For crypto traders, this signals that equity market momentum remains closely tied to tech sector performance, which historically correlates with positive sentiment and increased liquidity in the cryptocurrency market (Source: The Kobeissi Letter, June 4, 2025).

According to The Kobeissi Letter, the S&P 500 has gained around $7.5 trillion in market capitalization since the April 7th low, with the Magnificent 7 tech stocks contributing approximately $4 trillion or 54% of this growth (source: The Kobeissi Letter on X, June 4, 2025). This dominance highlights how Big Tech's performance is central to overall market momentum. For crypto traders, this concentration of gains in tech stocks signals that risk appetite remains focused on growth sectors, which often correlates with increased capital flows into digital assets during bullish equity cycles. Monitoring Big Tech earnings and S&P 500 performance remains critical for anticipating broader shifts in crypto market sentiment.

According to The Kobeissi Letter, money market fund assets under management have surged to a record $7.4 trillion, now accounting for approximately 15% of the S&P 500's market capitalization, up from 13% in February (source: The Kobeissi Letter, Twitter, May 5, 2025). Over the past two years, these assets have increased by $2 trillion, indicating a significant shift in capital allocation despite recent Fed rate cuts. For traders, this trend suggests heightened risk aversion and a preference for liquidity, which could lead to lower equity market inflows and increased volatility in both traditional and crypto markets as investors seek safe havens.