According to @business, Morgan Stanley's chief US equity strategist said the US equity market is poised for a pullback due to elevated investor exposure and high valuations. Source: @business, Bloomberg, Oct 13, 2025. According to @business, the linked Bloomberg report highlights an S&P 500 downside risk of about 11% tied to trade-war pressures, reinforcing a risk-off bias. Source: @business, Bloomberg, Oct 13, 2025. According to @business, this risk-off signal means traders may monitor equity beta, liquidity, and cross-asset volatility for spillovers, with BTC and ETH sensitivity likely to rise if equities weaken. Source: @business, Bloomberg, Oct 13, 2025.

According to @KobeissiLetter, the Nasdaq logged nearly a 2% two-day decline as U.S. stocks pulled back from record highs, while the S&P 500, after an approximately 37% gain over five months, is experiencing what the source described as much needed relief (Source: @KobeissiLetter, Sep 24, 2025). The update did not provide crypto-specific impacts or levels, limiting immediate cross-market read-through for digital assets (Source: @KobeissiLetter).