Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett.
The raw data for the "Buffett indicator" are based on Quarterly GDP from 1947, and the Fed's balance sheet beginning in Q4 1951.
The numerator in the chart title, NCBEILQ027S, is the FRED designation for Line 62 in the F.103 balance sheet of Table S.5.q of the 'Integrated Macroeconomic Accounts for the United States' (Market Value of Equities Outstanding), available on the Federal Reserve website.
Source: Jill Mislinski
These illustrations are not a solicitation to buy or sell any ETF.
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