According to @KobeissiLetter, the MSCI All Country World Index (ACWI) is up roughly 20% year-to-date, putting this year on track for its strongest annual performance since 2019, source: @KobeissiLetter. This advance is nearly double the 10-year average return of about 11% and would mark a third consecutive annual gain in the index, signaling a broad risk-on backdrop across global equities, source: @KobeissiLetter. For crypto traders, risk-on equity regimes have historically coincided with stronger co-movement between Bitcoin and stocks, with the IMF documenting a sharp rise in BTC–S&P 500 correlation during 2020–2021, source: IMF blog by Tobias Adrian, Tara Iyer, and Mahvash S. Qureshi Narain, 2022. This cross-asset linkage suggests monitoring ACWI momentum and equity volatility as inputs for BTC and ETH positioning and risk management when equity strength accelerates, source: IMF blog by Tobias Adrian, Tara Iyer, and Mahvash S. Qureshi Narain, 2022.

According to @charliebilello, gold is up about 60% year to date in 2025, making it the best-performing major asset. Source: Charlie Bilello on X (Dec 6, 2025); bilello.blog/newsletter. According to @charliebilello, Bitcoin (BTC) is down about 4% year to date in 2025, ranking as the worst-performing major asset. Source: Charlie Bilello on X (Dec 6, 2025); bilello.blog/newsletter. According to @charliebilello, this gold-leads and Bitcoin-lags setup has not occurred in any prior calendar year and is the inverse of 2013. Source: Charlie Bilello on X (Dec 6, 2025); bilello.blog/newsletter. For traders, the GLD versus BTC year-to-date performance spread is roughly 64 percentage points, underscoring extreme cross-asset dispersion to monitor in momentum and rotation screens. Source: Calculated from @charliebilello’s reported figures; Charlie Bilello on X (Dec 6, 2025).

According to @charliebilello, Bitcoin is now down 4% year-to-date in 2025 after being up over 35% in early October, with a current drawdown of 29% from the recent high, source: @charliebilello on X, Nov 18, 2025. According to @charliebilello, this shift represents roughly a 39 percentage-point swing from early October to mid-November, underscoring a sharp momentum reversal that is directly relevant for BTC risk management and positioning, source: @charliebilello on X, Nov 18, 2025.

According to The Kobeissi Letter, global gold stocks have outperformed world semiconductor stocks by 94 percentage points year-to-date, marking the largest gap in at least 20 years (source: The Kobeissi Letter on X, Oct 7, 2025). According to The Kobeissi Letter, the MSCI ACWI Select Gold Miners index has surged 134% YTD while the MSCI World Semiconductor & Semiconductor Equipment Index is up about 40% YTD (source: The Kobeissi Letter on X, Oct 7, 2025). According to The Kobeissi Letter, this is only the second year of gold miners’ outperformance over semiconductors in the last seven years (source: The Kobeissi Letter on X, Oct 7, 2025). According to The Kobeissi Letter, this multi-decade relative-performance extreme provides a clear basis for momentum continuation or mean-reversion monitoring in gold miners versus semiconductors using the cited indices as benchmarks (source: The Kobeissi Letter on X, Oct 7, 2025). For crypto-focused traders, the documented cross-asset leadership shift is a macro signal to track alongside BTC and ETH risk appetite, using the reported 94-point spread and YTD returns as reference data points (source: The Kobeissi Letter on X, Oct 7, 2025).

According to @charliebilello, gold is up 48% YTD in 2025 and Bitcoin (BTC) is up 31%, making them the top two performing major assets so far this year, source: X post on Oct 4, 2025 https://twitter.com/charliebilello/status/1974461342833680700. He also states this is the first time gold and Bitcoin have occupied the #1 and #2 spots in any calendar year, underscoring year-to-date momentum leadership for GLD and BTC, source: same X post and accompanying video https://www.youtube.com/watch?v=mPyTe3AjUtA&t=528s.

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.