According to The Kobeissi Letter, the S&P 500 has surged 13.7% over the last 21 trading sessions, marking its strongest 21-day performance since 2020, when the index gained approximately 25.0%. Historically, only five periods this century have posted stronger 21-day gains. This rapid equity rally is significant for crypto traders, as sharp stock market recoveries often increase investor risk appetite, potentially driving capital flows into digital assets. Traders should monitor correlations between major indices and cryptocurrencies, as heightened momentum in equities could fuel short-term bullish sentiment in leading cryptocurrencies like Bitcoin and Ethereum. (Source: The Kobeissi Letter, Twitter, May 9, 2025)