According to @KobeissiLetter, The Kobeissi Letter reported a 2025 net return of +30.7%, surpassing the S&P 500’s +16.4% for the year (source: @KobeissiLetter on X, Jan 10, 2026; thekobeissiletter.com/performance). Since 2020, the strategy has returned +516.3% versus the S&P 500’s +111.9% over the same period (source: @KobeissiLetter on X, Jan 10, 2026). Reported annual results include +8.1% in 2024, +15.5% in 2023, +92.8% in 2022, +35.3% in 2021, and +44.8% in 2020 (source: @KobeissiLetter on X, Jan 10, 2026). The firm states a 35.4% compound annual growth rate since 2020, exceeding the S&P 500’s 13.3% CAGR over that timeframe (source: @KobeissiLetter on X, Jan 10, 2026). The announcement does not reference any cryptocurrencies or digital assets, and no direct crypto market impact is provided (source: @KobeissiLetter on X, Jan 10, 2026).