The Kobeissi Letter(@KobeissiLetter):The US stock market is rewriting every record in the financial history books: The top 10 US stocks now have a combined market cap of $25.3 trillion. If the top 10 were a stock market, they would be the 2nd-largest in the world, even exceeding China. The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world’s 2nd-biggest economy. Together, these companies are now worth ~80% of US GDP. Furthermore, the top 5 companies alone have a combined market cap of $18.6 trillion, exceeding the value of every global stock market outside the US. Truly unprecedented numbers.

2026.06.16 13:23

The US stock market is rewriting every record in the financial history books: The top 10 US stocks now have a combined market cap of $25.3 trillion. If the top 10 were a stock market, they would be the 2nd-largest in the world, even exceeding China. The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world’s 2nd-biggest economy. Together, these companies are now worth ~80% of US GDP. Furthermore, the top 5 companies alone have a combined market cap of $18.6 trillion, exceeding the value of every global stock market outside the US. Truly unprecedented numbers.