According to @KobeissiLetter, the number of countries in the MSCI All Country World Index making 52-week new highs has reached 47, the highest on record, meaning 67 percent of countries in the index are at record levels and surpassing the previous all-time high, source: The Kobeissi Letter. For trading relevance, elevated global equity breadth is a widely watched risk momentum gauge that can coincide with broader risk appetite; crypto and equity price co-movements have risen notably in recent years, increasing the potential for spillovers to digital assets, source: IMF staff research by Adrian, Iyer, and Qureshi (2022).