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 (+0,51 %)
$CSPX (+0,78 %)
$VDEV (+0,51 %)
$VUSA (+0,77 %)
$SPPW (+0,52 %)
$SPYL (+0,79 %)
$HMWO (+0,51 %)
$VJPN (+0,09 %)
$LCUJ (+0,1 %)
$DBXJ (+0,2 %)