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 (+1.34%)
$CSPX (+1.53%)
$VDEV (+1.58%)
$VUSA (+1.54%)
$SPPW (+1.45%)
$SPYL (+1.53%)
$HMWO (+1.46%)
$VJPN (+0.79%)
$LCUJ (+0.85%)
$DBXJ (+0.86%)