If you’ve held an index fund tracking the S&P 500, you’re down 13%.
If you’ve held Gold you’re down 13%
Each of the above 2-day charts is the asset divided by the M2 money supply. The purpose of this is to identify where value has gone.
Basically the last 5.5 years have been awful for investors, sentiment is on the floor and folks are now calling for a correction. Somehow, despite all of this poor performance there is now 40% more dollars in circulation since early 2018. Do you know where it is? I’ve looked down the back of the couch already, nadda.