The US stock market capitalization to GDP ratio rises to 238%, reaching a record high.
According to Odaily, The Kobeissi Letter posted on X that the ratio of the US stock market capitalization to GDP has risen to a record high of 238%. The current total market value of the stock market has reached $75.7 trillion, far exceeding the economic scale of about $31.8 trillion.
Since the S&P 500 bottomed out on March 30, this ratio has increased by 38 percentage points, which is 90 percentage points higher than the peak level of around 148% during the 2000 internet bubble. Since the 2008 financial crisis, the growth rate of the US stock market has been five times that of the underlying economy.
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