Data: Approximately 60% of global stock markets have reached all-time highs, and the bull market for risk assets is accelerating.

On October 30th, the Kobeissi Letter released data showing that approximately 60% of global stock markets hit all-time highs in the past 21 days, the highest level in at least two years. Major markets including the US, Canada, Japan, the UK, and Germany all set new records. This proportion has doubled in the past few weeks. The S&P 500 alone has set 37 all-time highs this year, the third-best winning streak since 2017, second only to 57 in 2024 and 70 in 2021. The global bull market for risk assets is at its peak.