FRED:GDPDEF
GDP Deflator = Nominal / Real
Therefore, Real = Nominal / GDP Deflator
We are hitting huge resistance on the real S&P 500 chart.
Place your shorts.
Seems almost like it is retesting... *gasp*
Money Supply ( M2 ) x Velocity of Money ( M2V ) = Price Level x real GDP ( GDP )
Therefore
Price Level = ( Money Supply ( M2 ) x Velocity of Money ( M2V ))/ real GDP ( GDP )
All I did was graph the Price Level according to the first equation