According to @KobeissiLetter, the S&P 500 has finished positive for seven consecutive months, the longest streak since 2018, delivering a 23.9 percent gain over this period. Source: The Kobeissi Letter on X, Dec 1, 2025. According to @KobeissiLetter, the Dow Jones Industrial Average has also recorded seven straight monthly gains, the longest streak since early 2018. Source: The Kobeissi Letter on X, Dec 1, 2025. According to @KobeissiLetter, the current run aligns with rallies seen in 2009, 2013, and 2021, reinforcing strong upside momentum heading into December, which the source notes is historically one of the strongest months for the market. Source: The Kobeissi Letter on X, Dec 1, 2025. According to @KobeissiLetter, the bulls are in control, underscoring a positive trend backdrop into year end. Source: The Kobeissi Letter on X, Dec 1, 2025.

According to CNBC, its Daily Open asks whether December will end the year with gains, prompting traders to focus on year-end positioning and seasonality drivers that can influence cross-asset risk appetite (source: CNBC). Historically, the Santa Claus Rally — the last five trading days of December and first two of January — has produced an average S&P 500 gain of about 1.3% since 1950, a seasonal tailwind closely tracked by equity and crypto traders (source: Stock Trader's Almanac). Crypto and equities have shown episodes of positive correlation around macro catalysts, making December equity momentum a key context for near-term BTC and ETH direction and liquidity (source: Kaiko Research). Traders can monitor risk gauges such as the VIX for equity volatility and the Chicago Fed’s National Financial Conditions Index alongside crypto spot and derivatives flows to calibrate exposure into year-end (source: Cboe Global Markets; source: Federal Reserve Bank of Chicago).

According to The Kobeissi Letter, US equity fund inflows have averaged about $70 billion in December over the last 10 years excluding election years, the highest among all months and more than double the average in October and November, indicating a strong seasonal allocation pattern into year-end risk assets in equities, source: The Kobeissi Letter. For traders, this points to historically supportive liquidity and flow seasonality into December for US stocks that may inform positioning and timing around month-end and year-end rebalancing, source: The Kobeissi Letter. The source does not provide crypto-specific data or correlation analysis, so any BTC or ETH implications are not stated by the source, source: The Kobeissi Letter.