S&P 500 Hits Record Close After Nine-Week Winning Streak
The benchmark U.S. stock index rose 20.1% from its March 30 low, adding $11.4 trillion in market capitalization over roughly two months, according to the source.
Fact Check
The Kobeissi Letter post is the originating source for the exact figures in the claim (+20.1% since March 30 low; +$11.4T market cap; 9-week winning streak; first since 2023). Schaeffer's Research independently confirms the 8-week streak entering the final week of May 2026, making a 9th consecutive weekly gain on Friday May 29 consistent. Edward Jones' recap confirming a >18% rally off the March 30 low is consistent with +20.1%. All numerical and temporal anchors align.
Summary
The S&P 500 ended at a record closing high and notched a nine-week winning streak, its first such run since 2023. According to the source, the index has climbed 20.1% since its March 30 low, adding about $11.4 trillion in market capitalization in two months. A move of that size typically signals a broad recovery in risk assets, a dynamic often watched closely by crypto investors because stronger equity sentiment can coincide with higher appetite for volatile digital assets.
Terms & Concepts
- Market capitalization: The total value of listed companies, calculated by multiplying share price by shares outstanding.
- Risk assets: Investments such as stocks and cryptocurrencies that tend to be more sensitive to economic outlook and investor sentiment.
- S&P 500: A widely followed U.S. stock index tracking 500 large publicly traded companies.