US Stock Market Reaches Record $81 Trillion, Now 48% of Global Market Cap
US stock market capitalization hit a record ~$81 trillion, accounting for ~48% of global market cap. It is now larger than the next 18 stock markets combined and twice as large as China, Japan, Hong Kong, and Taiwan combined.
The US stock market has achieved an unprecedented level of dominance. Its total capitalization surged to a record ~$81 trillion, representing about 48% of the global stock market value.
This makes the US market larger than the combined markets of China, Japan, Hong Kong, and Taiwan by a factor of two. It also exceeds the next 18 largest stock markets put together.
For perspective, China's stock market cap stands at $17 trillion, meaning the US market is 375% larger. Even just the Magnificent 7 group of major tech companies is now worth more than the entire Chinese stock market.
Source: The Kobeissi Letter