According to @KobeissiLetter, the Russell 2000 has outperformed the S&P 500 for 10 consecutive sessions, the longest run since 1990, with small caps up 7.5% over the period versus 1.3% for large caps (source: @KobeissiLetter). This indicates a multi-decade-extreme phase of small-cap relative momentum that traders can express via long IWM versus short SPY or by overweighting small-cap exposure, while managing mean-reversion risk after a 10-day streak (source: @KobeissiLetter). For crypto-focused desks, the source documents an equity risk-on episode in small caps but provides no direct crypto data; any BTC or altcoin correlation assessment should be derived from internal models rather than assumed (source: @KobeissiLetter).

According to @MilkRoadDaily, Robinhood HOOD has risen almost 8.5 times more than Coinbase COIN in 2025, signaling a pronounced relative momentum shift toward HOOD among crypto-exposed equities traders, source: @MilkRoadDaily on X, Sep 30, 2025. The post characterizes the move as a Robinhood rally and argues market attention is underweight HOOD versus COIN, underscoring a notable 2025 year-to-date performance spread between the two stocks, source: @MilkRoadDaily on X, Sep 30, 2025.