US stock market capitalization exceeds GDP by 136%
The total market capitalization of the US stock market is now 136% greater than the nation’s gross domestic product.
This valuation measure is roughly 70% above the long-term norm.
The surge in this indicator since the bull market began in late 2022 has a bearish narrative, but it may not be a cause for concern due to its limitations in considering privately owned corporations and combined profitability.