Thanks, it seems, to a few short words from Janet Yellen, the world’s stock markets added over $1.5 trillion to wealthy people’s net worth this week, sending global market cap to record highs.
The value of global equity markets reached a record high $76.28 trillion yesterday, up a shocking 18.6% since President Trump was elected. This is the same surge in global stocks that was seen as the market front-ran QE2 and QE3.
This was the biggest spike in global equity markets since 2016.
For the first time since Dec 2007, the market value of global equity markets is greater than the world’s GDP…
Of course – the big question is – how long can ‘they’ keep this dream alive?
President Trump hopes a little longer…
Stock Market hit another all-time high yesterday – despite the Russian hoax story! Also, jobs numbers are starting to look very good!
— Donald J. Trump (@realDonaldTrump) July 15, 2017
This post originally appeared on Zero Hedge