US Stock Market Cap to GDP Reaches 190%, Eclipsing Dotcom Bubble High

<p><span style="font-weight: 400;">Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">New all time high in total market capitalization to GDP ratio (higher than dotcom bubble) </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">“No precedent for how high” valuations can go </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Fed denies asset bubble; intimates it wouldn’t care about asset bubbles if full unemployment comes with it</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Bezos at $200,000,000,000</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Percentage of stocks traded by individuals reaches all time high of 20%</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Robinhood leads in FTX complaints</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Buffett’s Japan trading firm bet</span></li> </ul> <p> </p>