{"id":6831,"date":"2024-03-25T03:21:00","date_gmt":"2024-03-25T08:21:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=6831"},"modified":"2026-02-08T15:42:06","modified_gmt":"2026-02-08T20:42:06","slug":"us-share-of-global-market-cap-at-new-20-year-high","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/us-share-of-global-market-cap-at-new-20-year-high\/","title":{"rendered":"U.S. Share of Global Market Cap at New 20-Year High"},"content":{"rendered":"\n\n
\n\n

\n This was a time-consuming chart<\/strong> for us to make because we had to\n compile<\/strong><\/span> the\n market cap data<\/strong> for literally\n all<\/strong><\/span> of the\n world\u2019s<\/span> stock exchanges<\/strong> and\n convert<\/strong><\/span> everything into\n U.S. dollars<\/strong>. No single source was fully complete or accurate, so we\n pieced together data from dozens of sources to produce reliable figures going back\n 20 years<\/strong>.\n <\/p>\n\n

\n As of Friday\u2019s close, the market cap<\/strong> of all\n U.S.-listed stocks<\/strong> on the NYSE<\/strong> and NASDAQ<\/strong>\n was $53.496 trillion<\/strong><\/span>, versus\n $63.937 trillion<\/strong><\/span> for the\n rest of the world<\/strong><\/span>, for a\n total global<\/span> market cap<\/strong> of\n $117.433 trillion<\/strong><\/span>.\n <\/p>\n\n

\n U.S.-listed stocks<\/strong> now represent\n 45.55%<\/strong><\/span> of the\n total global<\/span> market cap<\/strong> \u2014 a\n new 20-year high<\/strong><\/span>. It is\n extremely unlikely<\/strong><\/span> this share can rise\n much further given that U.S. GDP<\/strong> is\n less than<\/strong><\/span>\n 25%<\/strong><\/span> of\n global<\/span> GDP<\/strong>. A\n reversal lower<\/strong><\/span> appears imminent.\n <\/p>\n\n

\n Over the past 20 years, the\n median<\/span> market-cap share<\/strong> of\n U.S. stocks<\/strong> has been\n 38.50%<\/strong><\/span>.\n <\/p>\n\n \n

\n \"NYSE\n <\/div>\n\n

\n In July 2011, the U.S. market-cap share<\/strong>\n bottomed<\/strong><\/span> at\n 30.39%<\/strong><\/span>.\n <\/p>\n\n

\n Before last week, the prior\n 20-year high<\/strong><\/span> was\n 45.39%<\/strong><\/span> in August 2004<\/strong>.\n <\/p>\n\n

\n Between August 2004<\/strong> and July 2011<\/strong>, as the\n U.S. share<\/strong> of\n global<\/span> market cap<\/strong>\n declined<\/strong><\/span> from\n 45.39%<\/strong><\/span> to\n 30.39%<\/strong><\/span>:\n <\/p>\n\n \n

Silver<\/span> +490.76%<\/span><\/strong><\/p>\n

iShares MSCI Brazil ETF (EWZ) +314.63%<\/span><\/strong><\/p>\n

Gold<\/span> +295.54%<\/span><\/strong><\/p>\n

Copper<\/span> +249.21%<\/span><\/strong><\/p>\n

iShares MSCI Mexico ETF (EWW) +218.28%<\/span><\/strong><\/p>\n

HUI Gold Miners Index +162.12%<\/span><\/strong><\/p>\n

Energy Select Sector SPDR Fund (XLE) +139.28%<\/span><\/strong><\/p>\n

WTI Crude Oil +126.76%<\/span><\/strong><\/p>\n

The S&P 500 +17.03%<\/span><\/strong><\/p>\n

iShares 20+ Year Treasury Bond ETF (TLT) +11.56%<\/span><\/strong><\/p>\n

iShares MSCI Italy ETF (EWI) -22.41%<\/span><\/strong><\/p>\n

Financial Select Sector SPDR Fund (XLF) -48.77%<\/span><\/strong><\/p>\n\n

\n \n Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide\n investment advice. Always do your own research and make your own investment decisions. NIA\u2019s President has\n purchased a position in EWZ. This message is for informational and educational purposes only.\n <\/em>\n <\/p>\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

This was a time-consuming chart for us to make because we had to compile the market cap data for literally all of the world\u2019s stock exchanges and convert everything into U.S. dollars. No single source was fully complete or accurate, so we pieced together data from dozens of sources to produce reliable figures going back […]<\/p>\n","protected":false},"author":1,"featured_media":6833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[245,48,103,28,9,17,8],"class_list":["post-6831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-bonds","tag-copper","tag-crude-oil","tag-etfs","tag-gold","tag-silver","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=6831"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6831\/revisions"}],"predecessor-version":[{"id":6834,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/6831\/revisions\/6834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/6833"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=6831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=6831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=6831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}