According to The Kobeissi Letter, excluding the S&P 500’s 10 worst-performing days since 1995 would have produced a +6,400% cumulative return (source: The Kobeissi Letter). Excluding the 10 best days over the same period would have yielded only +1,200%, a 5.3x difference that underscores how a few extreme sessions drive long-run performance (source: The Kobeissi Letter). For equity and crypto traders, the stat emphasizes that market timing around shock days carries outsized PnL impact and that missing a handful of sessions can dominate total returns (source: The Kobeissi Letter).

According to @charliebilello, Warren Buffett’s message that no one succeeds betting against America is highlighted via a Berkshire Hathaway meeting video on YouTube, reinforcing a long-term pro-U.S. equities stance (Source: X post by @charliebilello on Nov 9, 2025; YouTube video: youtube.com/watch?v=JtNrkP9I9X8&t=1079s). For traders, U.S. equity resilience is evidenced by the S&P 500’s roughly 9–10 percent annualized nominal total return since 1928, underscoring the historical tailwind behind U.S. risk assets (Source: NYU Stern, Aswath Damodaran Historical Returns dataset: pages.stern.nyu.edu/adamodar). For crypto positioning, IMF research shows Bitcoin’s correlation with U.S. equities rose markedly after 2020, meaning sustained U.S. equity strength has tended to transmit to BTC and other high-beta crypto assets (Source: IMF Blog, Crypto Prices Move More in Sync With Stocks, Jan 11, 2022: imf.org). In practice, monitoring U.S. stock trend and risk sentiment as a cross-asset driver is consistent with the documented equity-crypto co-movement when calibrating BTC and ETH exposure (Source: IMF Blog, Crypto Prices Move More in Sync With Stocks, Jan 11, 2022: imf.org).