We can now see the M2 Money supply in Trading View. Just type 'FRED:' as the search term as the symbol.
There was a TV notice about this, but I wanted to store it here too, because it's really helpful :)
Here's the notice:
Also see these other instruments...
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Since my last Tradingview post I've been looking at the bitcoin cycle and putting it into perspective of real purchasing power by adjusting the price for the money supply.
More will becoming on the timechain (an x axis of block height rather than date) front, but I wanted to post about how undervalued bitcoin is in...
Idea for Macro:
- I present to you a counterargument for the media blaring inflation narrative.
- Speculate that the interest rate hikes (Jackson Hole, etc.) are just red herrings. In fact rates may go negative.
- The real shocker is that everybody is positioned for inflation when inflation is at its peak and is indeed transitory. The reflation trade was debt...
S&P divided by money supply is at the same resistance level than 2007 financial crisis and pre-covid top.
Also matching 0.618 fib retracement.
+ bearish downside channel on the RSI
Potential trend reversal on S&P
M2 is a classification of money supply. It includes M1 – which is comprised of cash outside of the private banking system plus current account deposits – while also including capital in savings accounts, money market accounts and retail mutual funds, and time deposits of under $100,000.
Governments are not shying away from negative rates and printing money....
I am reading all kinds of stuff on the housing market so I decided to look at some data. This is the housing market divided by the M2 money supply. In brief - inflation is here and this thing is about to pop. To the upside.
In fact prices of real estate would have to basically double from this point on just to reach 05/06 prices, accounting for the money that has...
So in this chart the only thing I did was take the normal BTCUSD chart, compare it to money supply WM2NS. Then I divided the previous cycle top price for the corresponding value on BTCUSD/WM2NS, and got the value 13946.65. Then I created the chart you see, BTCUSD/WM2MS*13946.65 in order to get a price instead of a weird value, and applied the indicator "bitcoin...
This is pretty simple: FED will keep printing USD they have no other choice.
The macro BTC chart with respect to inflation and constantly growing M2 money stock supply has just retested all time high breakout so the trend has only just started.
This money will end up in every scarse asset, including crypto and BTC.
The second half of the year 2021 will blow up your mind.
Looks like the bond market knows something stocks don't (again). Same divergence here that we saw running up to the March 2020 crash. We're looking at SPY/M2 compared to the US10Y yield (in white). The last time the 10Y yield was in free fall, stocks continued to climb, ignoring the signal, only to crash a couple months after the divernegce began. Let's see what...
Next week is critical to see if we break out of this long term channel. The last several times we have reached this resistance, the reaction has been muted, but the momentum structure in particular is nost most similar to February of 2020 which warrants paying closer attention.
In additional to Wells Fargo - more than one dozen additional Banks have
reduced Lines of Credit (LOCs) - the prior contraction in Personal Credit
occurred two weeks before the previous Retracement South.
We anticipate the Net Effect will be Negative with an abrupt reduction in
M2 into the end of August.
We're either seeing a breakout here on the S&P500 Futures/M2 chart, or this resistance level, which has held up since 2001, is about to spoil the bulls party. Look at the last impulse wave toward the resistance line in yellow. We're stretched, but we're seeing the same pattern, folks. Trade accordingly...