Globally, about 60% of stock markets hit all-time highs, accelerating the bull market for risk assets.

Data released by the Kobeissi Letter shows that approximately 60% of global stock markets hit record highs in the past 21 days, the highest level in two years. Major markets such as the United States, Canada, Japan, the United Kingdom, and Germany all broke records, and this proportion has more than doubled in the past few weeks. The S&P 500 index alone has hit 37 record highs this year, the third highest number since 2017, second only to 57 in 2024 and 70 in 2021. The report points out that the global bull market for risky assets is accelerating.