According to @KobeissiLetter, the S&P 500 erased about $2 trillion in market capitalization within five hours in its fastest reversal since Liberation Day, source: The Kobeissi Letter on X, Nov 20, 2025. According to @KobeissiLetter, Nvidia flipped from +6% to -3% despite reporting record revenue of $55 billion and with no new headlines cited, source: The Kobeissi Letter on X, Nov 20, 2025. According to @KobeissiLetter, no direct linkage to crypto markets or additional catalysts was provided in the post, source: The Kobeissi Letter on X, Nov 20, 2025.

According to The Kobeissi Letter, the S&P 500 has recorded a 25+ point reversal into the close for the second consecutive day. The first reversal occurred before announcements of a potential 50% tariff on the EU and 25% tariffs targeting Apple (AAPL), while the latest reversal happened without any prominent headlines (source: The Kobeissi Letter, Twitter, May 23, 2025). These abrupt moves highlight heightened market volatility linked to tariff threats, increasing uncertainty for equity and crypto traders. Such volatility in traditional markets often leads to increased capital flows into Bitcoin and other cryptocurrencies as alternative risk hedges, which traders should monitor for potential price action shifts.