I don’t disagree with the wider point, but I want to point out that those numbers aren’t comparable. US GDP is entirely domestic, but US equities are just US-li

I don’t disagree with the wider point, but I want to point out that those numbers aren’t comparable. US GDP is entirely domestic, but US equities are just US-listed companies, and many of those are multinationals with lots of foreign exposure. GNP is similar in spirit, but it’s still not right because foreigners hold a ton of US equities. https://seekingalpha.com/article/4146992-how-global-is-s-and-p-500 https://seekingalpha.com/article/4146992-how-global-is-s-and...