MSCI USA Market Cap to M2 Money Supply Ratio Hits Record 270%

The metric has surged 120 percentage points since 2022, surpassing the 2000 Dot-Com Bubble peak by roughly 40 points.

Summary

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Terms & Concepts
  • M2 Money Supply: A measure of the money supply that includes cash, checking deposits, and easily convertible near money like savings accounts.
  • MSCI USA Index: A stock market index designed to measure the performance of the large and mid-cap segments of the U.S. equity market.
  • Dot-Com Bubble: A historic period of excessive speculation in Internet-related companies in the late 1990s that led to a significant market crash.