FAANMG Stocks Have Higher Market Cap Than 6 European Markets Combined!

FAANMG STOCKS HAVE HIGHER MARKET CAP THAN 6 MAJOR EUROPEAN MARKETS COMBINED!

6 U.S. listed stocks have a higher combined market cap than 6 European stock markets.

The FAANMG stocks are wonderful businesses and their growth surely points the way toward how the global economy is evolving. But is their hegemony sustainable? Are their competitive advantages strong enough to deter new competitors? Can they resist potential anti-trust legislation? Will the combined value of six important market indices remain worth less than the FAANMGs on an ongoing basis?

The chart below illustrates just one of many unprecedented developments of the current era which we believe will make the 2020s an unusually volatile decade.

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#investing #economy #markets #money #macroeconomics

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Jonathan Baird CFA

PUBLISHER OF THE GLOBAL INVESTMENT LETTER. AWARD-WINNING MONEY MANAGER. SPEAKER ON GEOPOLITICS AND MARKETS. www.globalinvestmentletter.com