Last week there were all sorts of articles hitting the newswires about the fact the world’s stock market total capitalization was pushing $100 trillion.
This article and chart from Business Insider sums up the reaction:
We first saw the chart in a note from CLSA analyst Damian Kestel: ‘I almost fell off my chair when I saw this and went to check that Bloomberg hadn’t reclassified some data… but no. I included this chart of total equity market cap in [a previous note to clients] in early June this year. At that point total world market cap was US$74 trillion, it’s now US$93 trillion,’ he wrote. (The chart excludes ETFs and the like, so there is no double-counting of single stocks in different indexes.)
This post was published at Zero Hedge on Dec 6, 2017.