According to @business, Asia has entered its busiest week of the current earnings season, a key window to assess how companies are coping with ongoing trade tensions and economic uncertainty. Source: Bloomberg/@business. Bloomberg’s coverage highlights megacap tech stocks as focal points in this week’s earnings slate, signaling where traders are likely to find the most market-moving guidance for positioning and hedging. Source: Bloomberg/@business. Research shows crypto has exhibited higher co-movement with equities since 2020, so shifts in risk sentiment from earnings headlines can spill into BTC and ETH price action and liquidity monitoring. Sources: International Monetary Fund and Bloomberg/@business.

According to @KobeissiLetter, just 10 technology stocks accounted for 59% of the US stock market’s rally since 2019, underscoring highly concentrated market breadth that ties index performance to a small leadership cohort, source: @KobeissiLetter. According to @KobeissiLetter, Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Broadcom (AVGO), Meta (META), Microsoft (MSFT), Netflix (NFLX), Nvidia (NVDA), Palantir (PLTR), and Tesla (TSLA) have collectively rallied about 295% since 2019, reinforcing the view that the market cannot move without tech, source: @KobeissiLetter. This concentration implies SPX and NDX returns are highly sensitive to earnings, guidance, and volatility from these 10 mega-cap tech names, consistent with the claim that leadership is driving the bulk of gains, source: @KobeissiLetter. For crypto traders, shifts in US tech-led risk appetite have historically coincided with changes in BTC and ETH correlations to US equities, with periods of positive BTC–Nasdaq correlation observed during 2020–2022 and intermittently in 2023, source: Kaiko Research.