u/RobertBartus

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US stock market capitalization is up to a record ~$81 trillion, now accounting for ~48% of global market cap.

This exceeds the world's 2nd largest stock market, China, at $17 trillion, by 375%.

The US stock market is now twice as large as that of China, Japan, Hong Kong, and Taiwan combined.

It is also larger than the next 18 stock markets combined.

The Magnificent 7 stocks alone are now larger than China's market value.

This percentage has DOUBLED since 2022 and also marks the 2nd consecutive annual increase.

This comes as the US now has ~47% more home sellers than buyers, near the highest on record, with elevated mortgage rates and economic uncertainty continuing to weigh on buyer demand.

In Nashville, 76% of sellers gave concessions in May, the highest among the 28 major metropolitan areas.

This was followed by Charlotte and Atlanta, at 71% and 69%, respectively.

By comparison, just 3% of New York home sellers offered concessions last month.

Homebuyers are gaining negotiating power across much of the US housing market.

This exceeds the previous largest weekly outflow over this period by +100%.

This also comes after +$19 billion in inflows the prior week, also the largest weekly inflow in at least 2.5 years.

Furthermore, US equity funds saw an -$8.5 billion outflow this week, the largest weekly withdrawal in 3 months, following a record +$119 billion inflow.

Year-to-date, US equity funds have attracted +$332 billion in inflows, accounting for half of the +$661 billion total across all developed markets.