According to @KobeissiLetter, President Trump said he will keep the stock market at all-time highs, calling it hot with a big boost for 401(k)s (source: The Kobeissi Letter on X, Nov 28, 2025). According to @KobeissiLetter, the S&P 500 is now just 1.3% away from a new record high, reflecting strong risk-on momentum in U.S. equities (source: The Kobeissi Letter on X, Nov 28, 2025). According to IMF research, Bitcoin has shown increased correlation with U.S. equities since 2020, implying that a push toward equity records can raise sensitivity in BTC and ETH to stock moves (source: IMF blog “Crypto Prices Move More in Sync With Stocks,” Jan 2022). According to BIS analysis, crypto-assets’ beta to risk sentiment rose during major equity cycles, so traders can monitor BTC and ETH reactions around S&P 500 tests of prior highs (source: BIS Quarterly Review, June 2022).