Seeking Alpha (January 17)
America has become “an attractive sponge to absorb capital from everywhere. As a result, the US stock market capitalization currently represents 61% of the global stock market capitalization, despite the fact that US GDP is only 23% of global GDP.” US equities also “now represent about 200% of US GDP, which is an all-time high.”
Tags: Absorb, Attractive, Capital, Capitalization, Equities, GDP, Global, Sponge, Stock market, U.S.
LA Times (January 17)
“The Los Angeles County saw an average of 40 coronavirus deaths a day over the last week, the highest such rate in nearly 10 months, a sign that the prolific Omicron variant may be deadlier than many initially believed.”
Tags: Coronavirus, Deadlier, Deaths, Highest, Los Angeles, Omicron, Prolific, Variant