According to @StockMKTNewz, SPDR Gold Shares (GLD) has outperformed Invesco QQQ Trust (QQQ) over the last five years. source: @StockMKTNewz. For trading, the observed relative strength supports monitoring the GLD/QQQ ratio for momentum continuity or reversal to guide allocation between gold and tech exposures. source: @StockMKTNewz. For crypto positioning, some desks track gold-versus-tech performance as a macro input when sizing BTC exposure across risk-on versus risk-off regimes, making this GLD-QQQ spread a relevant cross-asset signal to watch. source: @StockMKTNewz.

According to @KobeissiLetter, the Semiconductors Index (SOX) relative to the S&P 500 equal-weighted index reached 0.86, the highest since the 2000 dot-com bubble, source: The Kobeissi Letter on X, Oct 8, 2025. Since the 2022 bear market, this ratio has more than doubled as semiconductor stocks rallied about +202% while the equal-weighted S&P 500 increased about +48%, source: The Kobeissi Letter on X, Oct 8, 2025. For context, the ratio was around 1.3x at the 2000 peak, putting today’s 0.86 roughly 34% below that extreme, calculation based on data from The Kobeissi Letter on X, Oct 8, 2025. The post did not mention cryptocurrencies and no direct crypto market impact was specified, source: The Kobeissi Letter on X, Oct 8, 2025.