Foreign Buying Adds $14 Trillion To U.S. Stock Values
Bill Conerly·2026-06-25·via All Articles on Seeking Alpha
Summary
The U.S. stock market has surged in value much more than the underlying economy has grown in recent decades. It's not just more shares outstanding; prices have increased much more than gross domestic product.
Foreign ownership of U.S. stocks has zoomed since 1994. It's hard to say how much price appreciation came from foreign buying, but it probably was a significant effect.
When people living in an emerging country decide to diversify, they probably choose a stable country with a well-established stock market - and the United States would be the obvious choice.
honglouwawa/E+ via Getty Images
The United States stock market has surged in value much more than the underlying economy has grown in recent decades. It's not just more shares outstanding; prices have increased much more than gross domestic product. It's easy to
