[The U.S. Stock Market Capitalization-to-GDP Ratio Rises to 238%, Setting a Historic High] Odaily Planet Daily News: The Kobeissi Letter posted on the X platform, stating that the U.S. stock market capitalization-to-GDP ratio has risen to a historic high of 238%. The current total market value of the stock market has reached $75.7 trillion, far exceeding the approximately $31.8 trillion economic scale. Since the S&P 500 bottomed out on March 30, this ratio has increased by 38 percentage points, 90 percentage points higher than the peak level of about 148% during the 2000 internet bubble. Since the 2008 financial crisis, the growth rate of the U.S. stock market has been five times that of the underlying economy.