S&P 500 and Global M2 Liquidity

S&P 500 and Global M2 Liquidity This chart suggests that global M2 liquidity growth tends to push U.S. equities higher. Image: Nordea and Macrobond

U.S. Excess Liquidity Growth Leads S&P 500 Returns

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

China – Equity Returns and Money Supply

China – Equity Returns and Money Supply This chart shows the relationship between M2 money supply and China’s stock market since 2003. Image: Jeroen Blokland