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 (+0,56 %)
$CSPX (+0,46 %)
$VDEV (+0,46 %)
$VUSA (+0,79 %)
$SPPW (+0,46 %)
$SPYL (+0,79 %)
$HMWO (+0,46 %)
$VJPN (+0,95 %)
$LCUJ (+0,86 %)
$DBXJ (+0,91 %)
