Global Stock Market Cap Rises to 137% of GDP on July 26, Approaching Historical Peak

According to The Kobeissi Letter, on July 26, global stock market total market capitalization rose to 137% of global GDP, approaching historical highs. The ratio has climbed 40 percentage points cumulatively since April 2025, matching the peak level during the 2021 meme stock surge.

Global stock market total value reached a record $166 trillion, with the United States accounting for $77 trillion, or approximately 46% of the global total.

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