According to @KobeissiLetter, US stock ownership is highly concentrated, with the top 1% of households holding 51% of equities and the top 10% holding 87%, a trend the author says was accelerated by the pandemic. According to @KobeissiLetter, the author advises investors to position accordingly before the gap widens. The International Monetary Fund reports that spillovers between US equities and crypto assets have increased since the pandemic, with BTC and broader crypto showing higher correlation to stock market moves, making equity dynamics more relevant to crypto trading decisions, according to the International Monetary Fund.