Below is a chart of the Bloomberg World Stock Market Capitalization index. The index tracks the market cap of all publicly traded equities across the globe. As shown, total world stock market cap currently stands at $71 trillion. While US stocks are at new all-time highs, this global index has yet to eclipse its high of $73.3 trillion seen back in 2015. Come on ‘rest of world’!
In the chart, we highlight the Obama Presidency (in blue) from election day 2008 through election day 2016. During that 8-year period, global stock market cap rose from $34 trillion up to $65 trillion. Since Trump’s election last November, we’ve seen global market cap rise another $6 trillion up to its current level of $71 trillion.
The table below highlights the 40 best performing stocks around the world since last November’s election in local currency terms (11/8/16 close). This list comes from a broader list of the 500 largest stocks in the Bloomberg World index. For each stock, we include its sector and the country that it’s headquartered in.
As shown, biotech firm Actelion out of Switzerland is up the most at +98.67%, followed by CSX Corp at +50.11% and Mitsubishi UFJ Financial (Japan) at +43.02%. Nomura Holdings (Japan) ranks 4th with a gain of 43.01%, and then Sprint Corp (S) rounds out the top five with a gain of 42.82%. Other notables in the top ten include NVIDIA (NVDA), Bank of America (BAC), and Deutsche Bank. Tesla (TSLA) ranks 18th with a gain of 31.08%.
Looking at sector representation, Financials dominate with 17 out of 40 stocks. Health Care stocks actually rank second with six names and Industrials rank third with five. Check back with us in a few months for an update!
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