Search
Products
Community
Markets
News
Brokers
More
EN
Black Friday sale
Up to 70% OFF
Community
/
Ideas
/
Explain why M2 Money and DXY shrank while SPX remained high?
M2 Money Stock
Explain why M2 Money and DXY shrank while SPX remained high?
By Cowston
Follow
Follow
Dec 15, 2020
2
3
3
Dec 15, 2020
An interesting thing happened in the last 2 weeks of November.
Money Supply: United States people fled to cash by converting M2 money stock (savings, investments, money market) into M1 (checking and cash).
Dollar: Foreign investors presumably sold off dollar assets bringing DXY down around 2% in the month.
To recap: The money supply indicates that US people sold stocks and bonds. The Dollar decrease indicates that foreign investors sold stock and bonds.
Explain to me, then, how SPX remained elevated? How is it doing that?
Beyond Technical Analysis
DXY
M1
M2
SPX (S&P 500 Index)
S&P 500 (SPX500)
USD
Cowston
Follow
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.