The US stock market cap-to-GDP ratio is up to a record 238%.

This comes as the stock market's value surged to an all-time high of $75.7 trillion, far exceeding the ~$31.8 trillion size of the US economy.

This ratio has surged +38 percentage points since the March 30th bottom in the S&P 500.

This metric is also now +90 percentage points above the 2000 Dot-Com Bubble peak of ~148%.

Since the 2008 Financial Crisis, the US stock market has grown at 5x the rate of the underlying economy.