Pivotal events of the last two decades compared with the S&P and the money supply. M2 is a broad indicator that includes cash, checkings, and liquid assets such as money market securities and cash equivalents. Although M2 exploded 42% during the COVID pandemic, much of this money is locked up in FED REPO agreements and artificially inflated on the Fed balance...
SPY performance with pivotal moments in the geopolitics of the 2000s.
Some important geopolitical events that shaped the market over the last two decades.
SPY performance under Trump administration with a line of best fit.