Many people are still stuck in an old perception: that the US stock market accounts for about 40% of the global market.

But the truth is—that number is seriously outdated.
Goldman Sachs just updated a report on global investable asset allocation:
Stocks + bonds = an overwhelming 86%,
Crypto assets? Only 1%.
Gold has been hot this year? Still just 6%.
Now, let’s look at the most striking set of data:
In the global stock market, US stocks account for 64%.
Yes, not 40%, but 64%.
Europe 11%, Japan 5%, other regions in Asia 12%.
This isn’t just “strong”—it’s a commanding lead.
Looking back at 2015:
US stocks: $25 trillion,
Global stock market: $67 trillion,
Share: 37%.
Now look at 2025:
US stocks: $67 trillion,
Global stock market: $130 trillion.
In ten years, the scale of US stocks grew +168%, with an annualized rate of 10.3%.
All other global markets combined only had an annualized rate of 4.2%.
In other words:
It’s not that the US stock market became stronger,
It’s that other markets simply couldn’t keep up.
At this pace, after another 10 years,
US stocks accounting for over 60% of the global market is highly likely.
This is also why foreigners have a particularly blunt saying:
85% of investing is about asset allocation,
10% is about picking targets,
The remaining 5% is up to God.
And in today’s world, the answer to asset allocation is getting simpler:
US dollar assets = the core;
US stocks = the core of the core.
So my current investment belief is also very straightforward:
Not going heavy on US stocks is basically fighting against the main channel of global capital.
To put it more extremely:
Cherish life, go all-in on US stocks. 😎
‍#美股 #全球资产配置 #美元体系