This marks a +$32 trillion YoY increase, or +23.6%, far above the long-term average.

Global markets have surged +$94 trillion, or +131%, since the 2020 pandemic low.

By comparison, the global equity market value has grown at a +7.0% compound annual growth rate (CAGR) over the last 20 years.

Meanwhile, as a % of global GDP, the global equity market cap is up to a record ~134%.

Global equities are in the midst of one of the most powerful rallies in history.

Japan’s MicroStrategy Metaplanet announced a feasibility study with JPYC, Progmat and its securities subsidiary to explore Bitcoin-backed digital credit products. The initiative aims to combine BTC collateral, stablecoins and tokenization infrastructure for 24/7 issuance, settlement and interest payments. No issuance details have been finalized.

This brings the 4-week average of total equity fund inflows up to +$40.0 billion, the 2nd-largest on record.

The weekly surge was driven by technology funds that posted +$18.8 billion in inflows, the 2nd-largest on record.

As a result, the 4-week average of inflows into tech funds are up to +$11.0 billion, an all-time high.

Technology funds are now also on track for a record +$183 billion in total annual inflows in 2026.

Investors are rushing into tech stocks like never before.