...understand how stretched we are now.
This is absolutely CRAZY stuff:
Nasdaq market capitalization to US M2 Money Supply has hit a RECORD 142%.
The ratio has DOUBLED over the last 5 years and even exceeded the Dot-com Bubble levels of ~130%.
Equities rise has MATERIALLY outpaced the money supply increase.
https://x.com/GlobalMktObserv/status/1892657978077225067
