...this is why world markets are completely BEHOLDEN to this one SPOF (single point of failure)
...Wall St is all that matters.
...Money has poured into US market from everywhere. World's biggest CASINO.
...Like every casino, people make money become more addictive and they continue playing thinking that after doubling, they could quadruple, in fact they did, and so confidence run supreme. They will stay until the day their luck runs out, only then will they leave.
The US stock market is MASSIVE.
The US stock to developed market equities ratio hit a new record of ~3.0x.
The ratio HAS DOUBLED over the last decade as the US stock market has massively outperformed global stocks.
Since 2014, the S&P 500 has risen by 186% which is 6.4 TIMES more than the MSCI World ex-USA Index's 29% gain.
To put this into perspective, during the 2000 Dot-Com Bubble this ratio reached *just* ~1.4x.
Meanwhile, the long-term average over the last 75 years has been ~1.1x.
Is the US market overvalued?
https://x.com/KobeissiLetter/status/1838576656455184764
...this is why world markets are completely BEHOLDEN to this one...
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