What you see here is a ratio of SPX vs. the M2 Money Supply. Many inverse head and shoulders patterns in this chart, which should resolve to the upside.
FYI -
M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
tldr; The FED is likely to continue printing money, creating a massive bubble and ultimately lead us into a crisis sometime this decade.
#CancelTheFED
FYI -
M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
tldr; The FED is likely to continue printing money, creating a massive bubble and ultimately lead us into a crisis sometime this decade.
#CancelTheFED
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