In 2009, the market cap of the US stock market was 30% of the global stock market cap. Today it is almost 50%, see chart below.
US Dominance Continues
Where Is the Slowdown?
GDP for the second quarter came in at 3.0% (see chart below), the Atlanta Fed’s GDP estimate for the third quarter currently stands at 3.1%, and jobless claims are at 218,000.
It is difficult to argue that the US economy is slowing down.
