Global Money Supply and MSCI World Index

Global Money Supply and MSCI World Index Equities are around 1 standard devation vs. global money supply. It could be bullish for stocks, as global money supply growth tends to push equities higher. Image: Nordea and Macrobond

S&P 500 vs. Global Money Supply

S&P 500 vs. Global Money Supply The new high in global money supply could be bullish for stocks, as global money supply growth tends to push U.S. equities higher. Image: Fidelity Investments

Money Market Fund Assets (U.S.)

Money Market Fund Assets (U.S.) More upside for stocks? As U.S. money market fund assets have slowly declined since the peak in May 2020. Image: BofA Global Research

Gold Price vs. Money Supply M2

Gold Price vs. Money Supply M2 Money supply M2 is growing at an increasing pace. Could gold follow? Image: Nordea and Macrobond

U.S. Money Supply M2

U.S. Money Supply M2 Today U.S. money supply M2 growth is more than six times the structural growth rate of U.S. nominal GDP. Image: Gavekal, Macrobond

U.S. Money Supply M2 Growth

U.S. Money Supply M2 Growth U.S. money supply M2 growth is going parabolic compared to the global financial crisis. Image: Morgan Stanley Research

Blended Money Supply vs. U.S. Nominal GDP

Blended Money Supply vs. U.S. Nominal GDP Historically, U.S. nominal GDP growth tends to track money supply growth. More inflation to come? Image: Deutsche Bank

S&P 500 Market Cap/M2 Money Supply

S&P 500 Market Cap/M2 Money Supply The S&P 500 market capitalization relative to M2 money supply suggests more upside. Image: Morgan Stanley Research