The US stock market just blew past every record in history, as the capitalization-to-GDP ratio hit 208% this week, jumping nearly 43 percentage points since April. That crushes the previous high of 206% from February and more than doubles the ratio from nine years ago.

President Donald Trump vented his frustration with Jerome Powell once again on Wednesday, accusing the Federal Reserve chair of costing the U.S. $360B a year in refinancing costs. "Our Fed Rate is AT LEAST 3 Points too high,