US stock market capitalization accounts now for 74% of the MSCI World Index. New ATH.

Since the end of the 2008 Financial Crisis, this percentage has increased by ~25 points. By comparison, Europe and Japan’s share have dropped by ~15 and ~5 percentage points, respectively.

As a result, the US' share of global market cap is now 4 times larger than Europe and Japan combined.

This comes as the S&P 500 has rallied 450% over the last 15 years compared to a 70% and 310% gain of the Euro Stoxx 50 and Nikkei 225.

Source: The Kobeissi Letter, SG Cross Asset Research, Factset

$IWDA (+0.23%)
$CSPX (+0.32%)
$VDEV (+0.22%)
$VUSA (+0.32%)
$SPPW (+0.25%)
$SPYL (+0.3%)
$HMWO (+0.26%)
$VJPN (-0.63%)
$LCUJ (-0.59%)
$DBXJ (-0.61%)