Valuation - S&P 500 Market Capitalization to GDP vs. S&P 500 Market Capitalization to M2

This chart puts market valuations into perspective, as the massive collapse in the velocity of money has led the Fed to print money.

Image: Nordea and Macrobond

Valuation - S&P 500 Market Capitalization to GDP vs. S&P 500 Market Capitalization to M2