The worldwide equity boom is gaining momentum: ~45% of global equity markets hit all-time highs over the last month when measured in local currencies, the highest since 2007. In US Dollar terms, ~35% of markets reached records, also the strongest reading since the 2007 peak. By comparison, both percentages were at 0-5% at the beginning of 2025. Furthermore, 92% of markets in the MSCI All-Country World Index (ACWI) are now within 5% of a 52-week high, the best breadth since 2007. There have been only 4 other occurrences of readings above 90% this century. The global bull market is expanding.