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The US stock market’s market cap has DOUBLED in just 4.5 years. This year the market has added over $10 TRILLION in value. To put this into perspective, China, Hong Kong, and Europe markets combined are worth ~50% less than the US. The Magnificent 7 stocks’ market cap alone is larger than the European market. submitted by /u/Pllover12 |
Yields spike after somewhat hot US economic data w/US 10y now at 4.67%: ISM Prices Paid Index came in higher than expected, signaling potential future inflation. At the same time, JOLTS job openings unexpectedly increased, w/previous month’s data also revised upward.
submitted by /u/XGramatik [link] [comments]