According to @KobeissiLetter, emerging market stocks have logged 10 consecutive monthly gains, the longest streak in 21 years, surpassing the 8-month run in 2017, and they have not recorded a single negative month this year, the first occurrence since 1993; source: @KobeissiLetter. During this period, the MSCI Emerging Markets Index is up 30.3% year-to-date, its strongest YTD performance since 2017; source: @KobeissiLetter. EM equities are on track for a third consecutive annual gain, the best such streak since 2017; source: @KobeissiLetter. The source describes this as an expanding global bull market, a risk-on backdrop that traders may monitor alongside crypto markets for cross-asset sentiment; source: @KobeissiLetter.

According to @KobeissiLetter, Japan’s Nikkei 225 surged above 50,000 for the first time in history and is up roughly 65% from its April 2025 low, marking a major new high in Japanese equities for 2025 (source: @KobeissiLetter on X, Oct 27, 2025). According to @KobeissiLetter, the move is characterized as part of a 'roaring' global bull market, signaling strong risk-on sentiment across markets that traders are watching (source: @KobeissiLetter on X, Oct 27, 2025).

According to The Kobeissi Letter, the MSCI All Country World Index (ACWI) has recorded more new highs than new lows for 73 consecutive days, the longest streak since May 2021, source: The Kobeissi Letter. ACWI spans 23 developed markets and 24 emerging markets and covers roughly 85% of investable global equity, highlighting the broad-based nature of the advance, source: The Kobeissi Letter. The longest comparable stretch in the last decade was about 150 days in 2020, offering a historical benchmark for trend durability, source: The Kobeissi Letter. Year to date, ACWI is up 17.1%, well above the 10-year average of 11.1%, underscoring that global stocks are running hot, source: The Kobeissi Letter. Crypto traders can monitor BTC and ETH for reactions to this risk-on equity backdrop even though the source did not reference crypto assets, source: The Kobeissi Letter.