The size of the US stock market is at historic levels: Total US public equity market capitalization is now up to a record $72 TRILLION. This is now more than 3.5 TIMES the size of developed Europe’s market and over 3.5 TIMES China and Hong Kong combined. It is also larger than the combined market value of Europe, China, Hong Kong, Japan, India, France, and the UK. This comes as the Nasdaq’s market cap has more than doubled since 2022, to a record ~$38 trillion. At the same time, the NYSE’s market value has surged +$10 trillion, to ~$32 trillion. The US is dominating global markets.(The Kobeissi Letter)