Market Capitalization – United States vs. Asia vs. Europe

Market Capitalization – United States vs. Asia vs. Europe The U.S. market outperformed global markets over the past decade due to strong earnings, profitability, and capital dynamics, but sustaining this may be challenging given high valuations and other factors. Image: Goldman Sachs Global Investment Research

Share of Global Market Capitalization

Share of Global Market Capitalization The United States, with 64% control of the global equity market, significantly influences the global financial landscape by attracting investments and shaping market trends, overshadowing all other countries. Image: Goldman Sachs Global Investment Research

Median S&P 500 Stock Short Interest as % of Market Capitalization

Median S&P 500 Stock Short Interest as % of Market Capitalization The elevated median short interest in the S&P 500 for 2025 suggests that investors are more cautious, but it does not yet signal widespread bearishness or panic. Image: Goldman Sachs Global Investment Research

Money Market Fund Assets as a Percent of S&P 500 Market Capitalization

Money Market Fund Assets as a Percent of S&P 500 Market Capitalization Despite record levels of cash in money market funds, cash on the sidelines is not elevated relative to the S&P 500 market capitalization. In fact, the ratio of money market funds assets to S&P 500 market cap is near historic lows. Image: J.P.…

Market Capitalization of the Largest Stock Relative to the 75th Percentile Stock

Market Capitalization of the Largest Stock Relative to the 75th Percentile Stock The U.S. equity market is experiencing historically high levels of concentration, primarily driven by the dominance of a small group of mega-cap tech companies. This concentration is at levels not seen in nearly a century. Image: Goldman Sachs Global Investment Research

S&P 500 Market Capitalization vs. U.S. GDP

S&P 500 Market Capitalization vs. U.S. GDP The wealth creation in the U.S. stock market has significantly outpaced the broader economy, leading to increased sensitivity of consumer spending to equity moves. Image: Bloomberg

Top Five Companies % of S&P 500 Market Capitalization

Top Five Companies % of S&P 500 Market Capitalization The S&P 500 is experiencing unprecedented levels of concentration. While the concentration presents potential risks, the fundamentals of the top 5 companies remain strong, with elevated profit margins and robust cash flow generation. Image: Deutsche Bank