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

Money Supply to GDP vs. Equities and Bonds

Money Supply to GDP vs. Equities and Bonds Historically, when money supply exceeds nominal GDP growth, it tends to be bullish for stocks and bonds. Image: Gavekal, Macrobond

Gold Price vs. Money Supply M2

Gold Price vs. Money Supply M2 Money supply M2 suggests that the price of gold could rise further. Image: Nordea and Macrobond

S&P 500 and Money Supply M2 (Leading Indicator)

S&P 500 and Money Supply M2 (Leading Indicator) This chart suggests that stock market optimists may look at 2021, as M2 improves significantly in the United States. Image: Nordea and Macrobond