Quarterly Outlook
Q4 Outlook for Investors: Diversify like it’s 2025 – don’t fall for déjà vu
Jacob Falkencrone
Global Head of Investment Strategy
Saxo Group
Summary: Since the COVID-19 crash, global equity markets have seen a strong recovery. The 100 biggest companies in the world were worth a record breaking $31.7 trillion as of March 31 2021, up 48% year-over-year. As a point of comparison, the combined GDP of the U.S. and China was $35.7 trillion in 2020.
In this graphic, we show the world's biggest businesses by market capitalization, as well as the countries and sectors they are from.