American stocks are consuming global markets
That does not necessarily spell trouble
Sixteen years ago American stockmarkets reached their modern nadir. During the early 2000s European and emerging-market equities went on a bull run. By March 2008 America had entered recession and its financial crisis was under way. The country’s stocks accounted for less than 40% of the world’s total stockmarket capitalisation.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “Egg-in-one-basket strategy”
From the June 29th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance and economics
Why is Xi Jinping building secret commodity stockpiles?
Vast new holdings of grain, natural gas and oil suggest trouble ahead
How Vladimir Putin created a housing bubble
Prices have risen by 172% in Russia’s biggest cities over the past three years
The rich world revolts against sky-high immigration
Moderates want to limit numbers. Radicals want mass deportations. What will be the economic consequence?