The Kobeissi Letter(@KobeissiLetter):The US stock market has never been more dominant: US stock market capitalization is up to a record ~$81 trillion, now accounting for ~48% of global market cap. This exceeds the world's 2nd largest stock market, China, at $17 trillion, by 375%. The US stock market is now twice as large as that of China, Japan, Hong Kong, and Taiwan combined. It is also larger than the next 18 stock markets combined. The Magnificent 7 stocks alone are now larger than China's market value. The current scale of the US stock market is unprecedented.

2026.07.05 20:47

The US stock market has never been more dominant: US stock market capitalization is up to a record ~$81 trillion, now accounting for ~48% of global market cap. This exceeds the world's 2nd largest stock market, China, at $17 trillion, by 375%. The US stock market is now twice as large as that of China, Japan, Hong Kong, and Taiwan combined. It is also larger than the next 18 stock markets combined. The Magnificent 7 stocks alone are now larger than China's market value. The current scale of the US stock market is unprecedented.