Global stock mkts have hit another milestone. All stocks now worth more than 100% of global GDP for the 1st time since 2018, pointing to stretched valuations. For Warren Buffett, a Market Cap to GDP Ratio >100% means stocks in bubble territory. pic.twitter.com/EqPi8A9Tkc
— Holger Zschaepitz (@Schuldensuehner) August 9, 2020