The valuations on the world's largest companies — mostly tech names — look goofy if you zoom out and compare them to other ****** ets.
That's exactly what the team at the Kobeissi Letter did, offering up these stunning notes:
The top 10 US stocks now have a combined market cap of $25.3 trillion.
If the top 10 US stocks were a stock market, they would be the second-largest in the world, even exceeding China.
The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world's second biggest economy.
That's exactly what the team at the Kobeissi Letter did, offering up these stunning notes:
The top 10 US stocks now have a combined market cap of $25.3 trillion.
If the top 10 US stocks were a stock market, they would be the second-largest in the world, even exceeding China.
The top 10 US stocks' market value is also larger than China's GDP of $19.4 trillion, the world's second biggest economy.
2 months ago
