(Bloomberg) -- President Donald Trump likes to boast about how well the U.S. stock market's done during his term. What he doesn't mention is that the rest of the world has gotten richer, faster at the same time.
American equities are now worth $28.4 trillion, having swelled by almost $3 trillion since he took office in January, according to data compiled by Bloomberg.
But they've lost ground against the rest of the world.
All stocks across the globe are valued at $89.9 trillion. U.S. shares make up only 31.6 percent of that total. That's the lowest proportion since November 2011, or a few months after the U.S. flirted with default. And it's sunk from the 11-year high of 38.3 percent set in December under then-President Barack Obama.
To contact the reporter on this story: Nick Baker in Chicago at nbaker7@bloomberg.net.
To contact the editors responsible for this story: Nick Baker at nbaker7@bloomberg.net, Eric J. Weiner, Andrew Dunn
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