According to The Kobeissi Letter, the bottom 50% of US households hold just 2.5% of total wealth, Core CPI is back above 3%, and historically when the Federal Reserve cuts rates with stocks near record highs, new all-time highs often follow over the next 12 months, which favors asset owners and widens the wealth gap, source: The Kobeissi Letter on X dated Sep 13, 2025. For positioning, historical evidence shows unexpected rate cuts boost equities and other risk assets, supporting momentum and beta exposure when financial conditions ease, source: Bernanke and Kuttner 2005 Federal Reserve and IMF blog Crypto Prices Move More in Sync With Stocks 2022. Crypto traders should track BTC and ETH alongside the S&P 500 and the Goldman Sachs Financial Conditions Index to confirm liquidity tailwinds under a rate cut regime, source: IMF 2022 on rising equity crypto correlation and Goldman Sachs Research Financial Conditions Index. Key risk is sticky inflation that could constrain the depth of cuts and raise rate volatility, so monitor BLS CPI releases and the CME FedWatch implied path for confirmation before sizing risk-on exposure, source: US Bureau of Labor Statistics and CME Group FedWatch.