SPX vs Monetary Supply: SPX to all time highs... but not really.
A chart i will be watching.
I am bullish until SPX breaks the red line. Will be bearish if we near the yellow top.
If we break the yellow top i think the stock market will truly be in bubble territory. Money will be made but that will be a real crash in the markets.
This chart is very interesting as it shows the game that is being played where numbers go up on the USD chart; but our stock market valuation is just stagnant at the 2008 ATH. So we could get an all time high in the stock market if monetary supply increases. Real valuation would be weak.
*****Also worth noting that US is not the only country that can inflate or contract its monetary supply *******
my opinion is that Monetary Supply will continue to dominate the investment space. Valuing assets against this shows things that would otherwise be hidden on a normal USD chart. The idea has all kinds of implications and speculations for those who study macro economics and financial markets.
I am bullish until SPX breaks the red line. Will be bearish if we near the yellow top.
If we break the yellow top i think the stock market will truly be in bubble territory. Money will be made but that will be a real crash in the markets.
This chart is very interesting as it shows the game that is being played where numbers go up on the USD chart; but our stock market valuation is just stagnant at the 2008 ATH. So we could get an all time high in the stock market if monetary supply increases. Real valuation would be weak.
*****Also worth noting that US is not the only country that can inflate or contract its monetary supply *******
my opinion is that Monetary Supply will continue to dominate the investment space. Valuing assets against this shows things that would otherwise be hidden on a normal USD chart. The idea has all kinds of implications and speculations for those who study macro economics and financial markets.
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