Valuation - the Ratio of S&P 500 Market Capitalization vs. M2 Money Supply
What’s priced in? Currently, the S&P 500 trades well above the post-crisis valuation vs. M2 money supply.
Image: BofA US Equity & Quant Strategy
What’s priced in? Currently, the S&P 500 trades well above the post-crisis valuation vs. M2 money supply.
Image: BofA US Equity & Quant Strategy