THE GLOBAL MARKET VALUE OF STOCK MARKETS ROSE TO 137 PER CENT OF GLOBAL GDP, CLOSE TO THE HIGHEST EVER

On July 26, The Kobeissi Letter wrote that the market value of the global stock market had risen to 137 per cent of global GDP, close to the highest ever. Since April 2025, the percentage has increased by 40 percentage points, which is comparable to the peak level during the Meme stock boom of 2021. In contrast, before the 2008 financial crisis, the global stock market value peaked at about 120 per cent of GDP. The total market value of the global stock market has risen to a record $16.6 trillion this month. The total market value of the United States stock market is approximately $77 trillion, or about 46 per cent of the global total. AI is driving historical growth in the stock market。