- The interesting thing is that, depending on how you define “global stock market capitalization”, the US stock market is not nearly as big as we think.
- If we use the actual full market capitalization the US stock market is just 41% of global equities. But if we use the investable universe methodology then the US stock market is 57% of global equities.
- What is perhaps even more interesting is that the size of emerging markets are dramatically understated depending on how we measure this.
For further details see:
The U.S. Stock Market Is Not As Exceptional As We've Been Told