Trump’s global bump


The US stock market has been on a tear since the election of Donald Trump. On March 1, the Dow Jones Industrial Average surged more than 300 points and crossed the 21,000 mark.

Yet investors are feeling positively bullish overseas as well.

 

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Check out this chart of the Bloomberg World Stock Market Capitalization Index that traces the market value of publicly traded companies worldwide.

 

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Source: Bespoke Investment Group

 

$71 Trillion

Since Trump’s upset victory last November, some $6 trillion has been added to the global market cap of $71 trillion as of February 24, according to an analysis by Bespoke Investment Group.

That said, the global index has yet to eclipse its high of $73.3 trillion seen back in 2015.

 

Kazakh Rally

Some regional markets are on fire.

The Kazakhstan Stock Index (KASE) is up a torrid 73% over the last year as of February 24.

 

 

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Bloomberg: Kazakhstan Stock Index (KASE)

 

 

Meanwhile, the Johannesburg Stock Index has advanced 26% over the same time period.

 

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Bloomberg: Johannesburg Stock Index

 

High Fliers

As Bespoke Investment Group notes, 23 out of the top 40 best-performing global stocks as of February 24 are from the US.

At the top of the list is Swiss healthcare and pharmaceutical manufacturer Actelion (ALIOY), followed by American industrial and rail player CSX Corp.

Some 17 of these 40 best performers globally are financials.

 

Source: Bespoke Investment Group

Source: Bespoke Investment Group

 

Takeaway

Turns out that the Trump bump is a global phenomenon.

Just how long that lasts is anybody’s guess.

But for the moment, Trump’s arrival to the White House has coincided with an explosive stock rally worldwide.

Photo Credit: Brad via Flickr Creative Commons

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Xavier Brenner
Xavier Brenner
Xavier Brenner has covered global market, business and economic trends for Interactive Brokers Asset Management since 2013. An experienced financial journalist, Brenner offers analysis and insights on the stories that matter to the discerning investor.