U.S. Excess Liquidity Growth Leads S&P 500 Returns
This chart suggests that M2 money supply to nominal GDP ratio leads S&P 500 returns by one year.
Is the S&P 500 vulnerable to a drop, followed by a recovery?
Image: Oxford Economics, Macrobond
This chart suggests that M2 money supply to nominal GDP ratio leads S&P 500 returns by one year.
Is the S&P 500 vulnerable to a drop, followed by a recovery?
Image: Oxford Economics, Macrobond