M2 contracting at historic levels

September 21, 2023 11:27 am by CWR

Sharing is Caring!

M2 is contracting at the deepest level. EVER. pic.twitter.com/1IKob2FD4T

— Game of Trades (@GameofTrades_) September 21, 2023

More Respect the Lag 👇 pic.twitter.com/P1eXuhBN01

— Win Smart, CFA (@WinfieldSmart) September 21, 2023

You can see the Bear 🐻
Market bounces in the red line 👇

Or, last year was the bottom. I'm with bear market bounce pic.twitter.com/LbHxHDVQX8

— Win Smart, CFA (@WinfieldSmart) September 21, 2023

Today is likely one of the most important days of the year.

If Treasuries close positive while stocks are negative (the Flippening) it furthers the argument the credit event has begun.

— Michael A. Gayed, CFA (@leadlagreport) September 21, 2023

See also New highs - lows peaked the week of the election and are now negative. The election gap that was a bear trap on the way up, will be a bull trap on the way down. Bank reserves drop below $3 trillion, nearing pre-March 2023 banking crisis levels.

See also Hochul boasts subway safety, yet next day a woman was burned alive, another stabbed. Major crimes in NYC have surged 32% since pre-COVID 2019 levels.

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