Latest Increase in M1 to Stimulate Stock Market Again
Money supply has increased dramatically due to stimulus worth $2.2 trillion being filtered through the U.S. economy. As expected many have chosen to spend the funds on consumer staples and discretionary, there’s however been an unexpected surge in stock market velocity, which according to CNBC is largely attributed to the stimulus checks and millennials. In this article, we take a closer look at money supply 1, what it’s meant for stocks u