US Market Hits 45% of Global Equity; Schneider's $22.6B PTC Deal; Q3 M&A Slowdown

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US stocks reach 45% of global market cap, Schneider Electric acquires PTC for $22.6 billion in landmark industrial AI bet, US Q3 M&A volume falls nearly 50% amid rising borrowing costs

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Kobeissi Letter (X)

x.com

The Kobeissi Letter on X: "The worldwide equity boom is gaining momentum: ~45% of global equity markets hit all-time highs over the last month when measured in local currencies, the highest since 2007. In US Dollar terms, ~35% of markets reached records, also the strongest reading since the 2007 peak. By comparison, both percentages were at 0-5% at the beginning of 2025. Furthermore, 92% of markets in the MSCI All-Country World Index (ACWI) are now within 5% of a 52-week high, the best breadth since 2007. T

x.com

The Kobeissi Letter on X: "The US stock market has never been more dominant: US stock market capitalization is up to a record ~$81 trillion, now accounting for ~48% of global market cap. This exceeds the world's 2nd largest stock market, China, at $17 trillion, by 375%. The US stock market is now twice https://t.co/6SMPZShqN9" / X

x.com