S&P 500 to M2 Ratio The rising S&P 500 to M2 ratio suggests a potential overvaluation in the U.S. stock market. This trend implies greater demand for stocks compared to the supply of money, worrying investors and analysts. Image: Topdown Charts
M2 Annual % ROC (Advanced 12-Months) vs. GAAP Earnings (Leading Indicator) The significant decline in M2 growth puts GAAP earnings at risk. Image: Real Investment Advice
M2 Growth vs. U.S. Nominal GDP The sharp contraction in M2 growth could be a cause for concern when it comes to U.S. nominal GDP growth. Image: Deutsche Bank
EPS – Real M2 Growth vs. S&P 500 12-Month Forward Earnings-Per-Share Estimate The decline in real M2 growth does not bode well for S&P 500 earnings. Image: Morgan Stanley Wealth Management
Inflation – CPI vs. M2 M2 growth tends to lead CPI by 16 months, suggesting lower U.S. inflation ahead. Image: Morgan Stanley Research
S&P 500 Index vs. M2 Money Supply Global M2 money supply growth has a significant impact on U.S. stocks. Image: Morgan Stanley Wealth Management
Global M2 and S&P 500 Index The decrease in global liquidity is potentially bad news for U.S. equity returns. Image: Morgan Stanley Research
Bitcoin Market Capitalization and Global M2 Money Supply Bitcoin could fall if global M2 money supply continues to slow. Image: Morgan Stanley Research
M2 – Money Supply vs. Monetary Velocity Is printing more money good for the U.S. economy? Despite strong M2 growth, money velocity has declined. Image: Real Investment Advice
Valuation – MSCI U.S. Market Capitalization / U.S. M2 Money Supply Should investors take a cautious approach to the U.S. stock market? Image: Gavekal, Macrobond
Economic Growth vs. M2 Velocity The decline in economic growth has coincided with a collapse in M2 velocity Image: Real Investment Advice