NASDAQ MARKET CAP HITS RECORD 105% OF U.S. GDP IN Q2 2025

This has NEVER happened before: The NASDAQ market cap relative to US GDP hit 105%, an ALL-TIME HIGH.
The ratio has nearly DOUBLED since the 2022 bear market low and is now ~40 percentage points ABOVE the 2000 Dot-Com Bubble.
It is also at a record relative to world GDP.