According to @KobeissiLetter, the S&P 500 is 0.7% away from a new record high and the October 10 drop has been almost entirely erased over the last 48 hours, a setup that traders often treat as a momentum and breakout watch near all-time highs, source: @KobeissiLetter.

According to @CNBC, Wall Street is watching a specific S&P 500 level to decide whether the market uptrend remains intact (source: CNBC). The report highlights that this single index level is being used as a practical gauge for trend confirmation by market participants (source: CNBC). For traders seeking the exact threshold to calibrate risk, CNBC directs readers to the full article detailing the level in focus (source: CNBC).

According to @ReutersBiz, Wall Street's main indexes ended mixed, with the S&P 500 turning lower after President Trump said Washington was considering terminating some trade ties with China, including in relation to cooking oil; source: Reuters Business reut.rs/42ERaxS. The headline specifically cited cooking oil within U.S.-China trade ties, a detail that coincided with the S&P 500 weakening while the broader market finished mixed; source: Reuters Business reut.rs/42ERaxS. For crypto, the IMF has documented that crypto prices have moved more in sync with U.S. equities during macro shocks, making U.S.-China trade headlines relevant to BTC and ETH risk monitoring; source: International Monetary Fund blog "Crypto Prices Move More in Sync With Stocks" imf.org/en/Blogs/Articles/2022/01/11/crypto-prices-move-more-in-sync-with-stocks-exposing-new-risks.

According to @KobeissiLetter, gold and silver have risen more than 4 times the S&P 500 in 2025 despite one of the strongest equity bull runs, indicating safe havens are outperforming risky assets during the same cycle (source: @KobeissiLetter). According to @KobeissiLetter, concurrent rallies in safe havens and equities signal eroding confidence in fiat currencies, shifting investor preference toward hard assets (source: @KobeissiLetter). According to @KobeissiLetter, deficit spending and rate cuts into stagflation are key drivers behind the shift in sentiment toward gold and silver (source: @KobeissiLetter). According to @KobeissiLetter, the market is also pricing record AI CapEx and an impending AI competition between the US and China, which could push the US to print more money and expand deficits to win the AI revolution, reinforcing the hard-asset bid (source: @KobeissiLetter). According to @KobeissiLetter, this fiat-confidence narrative provides a macro backdrop that crypto traders may monitor for potential spillovers into assets perceived as monetary alternatives, even though no specific digital assets were cited (source: @KobeissiLetter).

According to @CNBC, Deutsche Bank upgraded its view on European equities to positive versus the U.S., signaling a relative overweight to Europe against the U.S. in cross-regional allocation (source: CNBC). This relative call highlights the Europe–U.S. performance spread as a key watch for rotation between major regional benchmarks and sector leadership in the coming sessions (source: CNBC). For crypto, Bitcoin and equities correlations have risen meaningfully since 2020, so traders may monitor European risk sentiment for spillovers into BTC and ETH during EU trading hours (source: IMF). Any sustained shift in risk appetite between Europe and the U.S. following the upgrade reported by @CNBC could influence crypto beta via the correlations documented by the IMF (source: CNBC and IMF).

According to @KobeissiLetter, the S&P 500 extended losses to down 1.5% today as investors reacted to bank earnings and ongoing trade tensions, indicating a broad risk-off tone across equities, source @KobeissiLetter. According to @KobeissiLetter, this earnings- and trade-driven drawdown is a live macro catalyst that cross-asset traders, including crypto participants, commonly monitor for potential volatility spillover during U.S. hours, source @KobeissiLetter.

According to @CNBC, traders are watching the S&P 500’s 20-day moving average as a critical level that could determine near-term market direction, source: CNBC. Crypto market participants can monitor this equity technical level for potential shifts in risk appetite that may influence positioning in risk assets such as BTC and ETH, source: CNBC.

According to @KobeissiLetter, the S&P 500 closed down 2.7%, its largest daily decline since April 10, erasing about $1.5 trillion in market cap as President Trump prepares massive tariffs on China (source: @KobeissiLetter). The equity drawdown tied to tariff headlines is a macro risk event that traders can monitor for potential cross-asset volatility, including crypto market sentiment shifts (source: @KobeissiLetter).

According to @KobeissiLetter, the S&P 500 fell below 6,600 for the first time since September 25, highlighting a near-term level break that traders can reference for risk management, source: @KobeissiLetter on X, Oct 10, 2025. According to @KobeissiLetter, the index remains up over 36% from its April 2025 low, providing broader trend context for positioning and performance benchmarking, source: @KobeissiLetter on X, Oct 10, 2025.

According to @KobeissiLetter, oil has fallen below 59 dollars per barrel for the first time since May 2, the US 10-year Treasury yield is down 10 basis points to 4.05 percent, natural gas is down 5 percent to new monthly lows, copper is down 5 percent in its biggest drop since July, the Fed is expected to cut rates three times in 2025, and the S&P 500 is still up over 32 percent in the past six months. Source: @KobeissiLetter, Oct 10, 2025. For traders, lower long-end yields and falling energy/industrial commodities have historically aligned with stronger risk appetite and higher sensitivity of Bitcoin (BTC) and Ethereum (ETH) to equity and rates moves. Source: IMF Global Financial Stability Report, Oct 2022; BIS Quarterly Review, Sept 2022. Equities advancing alongside easing yield and inflation pressures has been associated with improved crypto performance during accommodative policy cycles, while sharp commodity declines like copper’s drop can coincide with growth worries that raise crypto beta and volatility. Source: IMF Global Financial Stability Report, Oct 2022; BIS Quarterly Review, Sept 2022.

According to @KobeissiLetter, the S&P 500 fell about 2% intraday and is on track for its biggest daily drop since April 21, with roughly 2.1 trillion dollars in market value erased in the last two hours, source: The Kobeissi Letter. According to IMF research from 2022, crypto assets including BTC and ETH have shown higher correlation with U.S. equities during risk-off episodes, making this drawdown a key signal for near-term crypto risk appetite, source: International Monetary Fund.

According to @KobeissiLetter, the S&P 500 extended losses by more than 100 points within 30 minutes after President Trump’s statement on China (source: The Kobeissi Letter on X, Oct 10, 2025). Crypto market impact was not specified in the post, with no mention of BTC or ETH reactions or funding changes (source: The Kobeissi Letter on X, Oct 10, 2025).

According to @KobeissiLetter, at 10:57 AM ET former President Trump posted that a massive increase in tariffs on China is coming, and by 11:00 AM ET the S&P 500 had already erased roughly $700 billion in market capitalization, indicating an immediate risk-off shock in equities; source: The Kobeissi Letter tweet dated Oct 10, 2025. Given documented post-2020 tightening of equity–crypto correlations, such equity selloffs can transmit to digital assets, making spillover risk to BTC and ETH a key watch for traders; source: IMF analysis on stronger Bitcoin–S&P 500 correlation and spillovers since the pandemic, 2022. Actionably, traders should monitor BTC and ETH price action alongside U.S. session volatility gauges and USD strength for confirmation of cross-asset risk sentiment following the tariff headline shock; source: IMF 2022 evidence of equity–crypto spillovers.

According to The Kobeissi Letter, the S&P 500 fell more than 70 points within seconds after President Trump said he is calculating increased tariffs on Chinese products and stated there is no reason to meet Chinese President Xi, source: The Kobeissi Letter on X, Oct 10, 2025. This headline-driven drop indicates acute intraday volatility in US equities with tariff escalation cited as the immediate catalyst, source: The Kobeissi Letter on X, Oct 10, 2025. No direct cryptocurrency reaction was reported in the source; crypto traders may monitor for spillover risk from the equity shock described, source: The Kobeissi Letter on X, Oct 10, 2025.

According to @CNBC, the S&P 500 (SPX) hit new highs on Wednesday as the usual flag carriers of the AI boom led the advance, with AI-linked megacaps powering the index-level breakout. CNBC’s wrap underscores that leadership remains concentrated in AI beneficiaries, a setup traders monitor for momentum sustainability and breadth risk. Source: CNBC.

According to @KobeissiLetter, Goldman Sachs reports the US Dollar’s 1-month realized volatility exceeded the S&P 500 over the last month, marking only the third occurrence in seven years after December 2023 and July 2025 (source: The Kobeissi Letter; Goldman Sachs). During the April sell-off, the realized volatility ratio between the S&P 500 and the US Dollar Index reached 6x, the highest since 2020 (source: The Kobeissi Letter; Goldman Sachs). Year to date, the US Dollar is down about 10%, tracking its worst year since 1973, while the S&P 500 is up roughly 14% with 32 all-time highs (source: The Kobeissi Letter). For traders, persistent USD selling alongside higher FX volatility versus equities is a key macro backdrop for USD-priced risk assets, including crypto such as BTC and ETH, to monitor (source: The Kobeissi Letter).

According to @StockMKTNewz, the US stock market closed mostly green on Oct 8, 2025. IMF research reports that during broad US equity strength, crypto and equities move more in sync, with BTC and ETH correlations to the S&P 500 rising since 2020, increasing crypto beta sensitivity to risk-on closes (IMF Global Financial Stability Report 2022). Based on IMF 2022 evidence of tighter crypto–equity co-movements, traders can monitor BTC and ETH correlation to US equity benchmarks and cross-asset risk appetite as a near-term signal.

According to @KobeissiLetter, the S&P 500 has risen 34 percent over the past six months, a move seen only 10 times since 1930 based on their historical study, highlighting an extreme momentum condition in equities; source: @KobeissiLetter. In 8 of those 10 prior instances the index finished lower two weeks later with an average decline of 3.5 percent, pointing to elevated short-term mean-reversion risk for stock traders; source: @KobeissiLetter. Crypto traders may monitor this potential two-week risk window as a possible risk-off impulse for volatility management in BTC and ETH, given the equity-led macro backdrop identified by the statistic; source: @KobeissiLetter.

According to @StockMKTNewz, the US stock market closed the day red, indicating a down session in major equities (source: @StockMKTNewz on X, Oct 7, 2025). Historically, equity drawdowns have coincided with softer performance in BTC and ETH due to positive cross-asset correlations documented by institutional research (sources: Coinbase Institutional research; Goldman Sachs Digital Assets research). Traders often monitor BTC and ETH around the US close and into the Asia open for potential volatility when US stocks finish lower, reflecting liquidity transitions noted in market microstructure reports (sources: Coinbase Institutional market updates; Kaiko).

According to @StockMKTNewz, a CNBC compilation shows how the S&P 500 performed after the past 10 U.S. government shutdowns, highlighting that equity drawdowns around shutdowns have historically been limited with recoveries following funding resolutions, source: CNBC. Goldman Sachs has reported that U.S. government shutdowns have had minimal and short‑lived effects on S&P 500 returns, with volatility driven more by temporary data disruptions than by earnings deterioration, source: Goldman Sachs Research. CFRA Research has concluded that prior shutdowns typically produced small market moves during the event and often positive returns in the subsequent weeks, supporting a historically resilient equity tape, source: CFRA Research. For digital assets, BTC and ETH have shown positive correlation with U.S. equities during macro risk-on/off regimes, so traders often track S&P 500 direction and data blackout impacts during shutdowns to calibrate crypto exposure and volatility risk, source: Kaiko Research. Shutdowns can delay federal economic releases (e.g., employment, CPI, GDP), reducing Fed visibility and adding near-term uncertainty to rates and USD, which can transmit to crypto volatility and liquidity conditions, source: U.S. Bureau of Labor Statistics and U.S. Department of Commerce (BEA) shutdown contingency notices.