Chart shows S&P500 (chart - LOG) divided by the FED M1 Money Supply (Orange - LOG). An overall Reduction in Money Supply M1 with respect to the S&P500 bring us back into the mid point region of the supply and demand zones or are we Destined to continue below the Demand Zone (increase in M1 and continued decline in the S&P500)?
* Grey Bars show US Recessions.
* Grey Bars show US Recessions.