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Thanks for the $18 Trillion, Ben!

We are now six months and 22 days into the global stock market rally, and what a rally its been! The move off the bottom has been the largest in history, and Q3 was the best in 11 years. The crash took world stock market capitalization down from a peak of $63 trillion, down to $25 trillion, lopping off some $38 trillion in equity value. The US alone cut $11 trillion, plunging from $19 trillion to $8 trillion. This is wealth destruction of a truly Biblical proportions. Since March, the world has recovered $18 trillion, and the US $5 trillion, giving investors, portfolio managers, and brokers a definite spring in their step. If you like to track this kind of big macro data, visit my friends at the Bespoke Investment Group at  Keep that Kool-Ade coming, Ben!