Money Supply: M0, M1, M2 and The Financial System

Week in Review: 4-8 November 2024 - Trump Wins!!!

Financial Markets For the week, the main stock market indices were UP, with the S&P500 gaining 4.7% and the NASDAQ 100 5.4% in the green. The small cap index (Russel 2000) got pumped by 8.7%. Precious metals are retracing a bit these days. Gold and silver fell 1.9% and 3.5%, respectively. Recently, silver broke below 32$ and is now probably going towards the 30$ level. WTI is around the 70$ level, which is short-term support. Oil will likely trade sideways in the near future (68-72$). Bitcoin spiked 17% this week, breaking above the 74k level. It can re-test this level again before continuing to the upside (or breaking back below!). The relative strength of the US dollar (DXY) was up by 0.6%. The EUR/USD is around 1.07$, the GBP/USD is at 1.29$, and the USD/JPY is at 152.6 JPY. US M2 money supply at the date of 30th September 2024 was up by 0.38%. The national financial conditions index (NFCI) for the week of 28th October 2024 tightened by 1.4% and doesn't transla...

Week in Review: 21-25 October 2024

Financial Markets For the week, the main stock market indices were mixed, with the S&P500 losing 1% and the NASDAQ 100 up by 0.1%. The small cap index (Russel 2000) fell 3.1%, giving up the previous week's gains. The precious metals remained strong but are about to stall. Gold gained 0.9% while silver ended the week unchanged. Recently silver broke out of the 32$ level and now needs to defend this level. WTI jumped off the 68$ level, and gained 4.1% this week -it now sits at ~71.6$/bbl. Bitcoin fell 2.7% and is in the upper range of the channel it has been trading in since March 2024. In our opinion, bitcoin it is not looking particularly bearish nor bullish. It can go up to 74k or down to 60k in the near future. The relative strength of the US dollar (DXY) was again up slightly and into the 104 level. The EUR/USD is around 1.08$, while the USD/JPY is at 152 JPY. US M2 money supply at the date of 30th September 2024 was up by 0.38%. The national financial conditions ...

Week in Review: 25-29 November 2024

Financial Markets For the week, the main stock market indices were up, with the S&P500 gaining 1.1% and the NASDAQ 100 0.7% in the green. The small cap index (Russel 2000) gained 1.1%. Precious metals are on the lower range of the current trading channel. Gold and silver fell 2.4% and 2.3%, respectively. The metals need to defend the current levels, otherwise we must turn bearish. WTI fell 4.2% and is holding the 68$ level. Oil will likely trade sideways in the near future (67-72$). Bitcoin is around 97000$ and seems like it will have some trouble going above 100k... The relative strength of the US dollar (DXY) hit resistance and fell to ~106. The EUR/USD is around 1.05$, the GBP/USD is at 1.27$, and the USD/JPY is at 149.7 JPY. US M2 money supply at the date of 28th October 2024 was up by 0.42%. The national financial conditions index (NFCI) for the week of 18th November 2024 loosened by 5.1% and doesn't translate signs of financial stress in the markets. US b...

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