Buffett Indicator
The Buffett Indicator places the public stock market beside the domestic economy that supports it. A larger number means public equities carry a higher market value relative to annualized current-dollar GDP than a smaller number. It does not say when that gap will close—or that it must.
How Buy Like Buffett computes it
Our chart of record divides Federal Reserve Z.1 public-corporate-equity market value (BOGZ1LM883164115Q) by BEA current-dollar GDP (GDP), after converting the numerator from millions to billions. It carries both revised GDP and ALFRED’s first-reported vintage where available, and keeps the scored-universe daily bridge visibly separate from the downloadable canonical series.