M2 is the money in circulation issued by the government.
(fred.stlouisfed.org)
M2REAL is the real value of M2 deflated by the CPIAUCSL (Consumer Price Index for All Urban Consumers).
(fred.stlouisfed.org)
(fred.stlouisfed.org)
M2REAL is in an infinite uptrend, with a downward correction now.
The correlation with SPX is positive as both are falling.
A change in...
