Blog
Explainers on global liquidity, central-bank balance sheets, M2 money supply, and how the macro tide moves the Nasdaq.
Macro · Explainer
How M2 Money Supply Drives Stock Prices (and Why China’s M2 Matters Most)
What M2 is, why a growing money supply tends to lift asset prices, and why China’s M2 is the single biggest driver of global liquidity.
2026-06-30 · Read →
Macro · Explainer
What Is the Global Liquidity Index — and Why It Leads the Nasdaq
How central-bank balance sheets and M2 money supply combine into one measure that tends to lead the Nasdaq by about four months.
2026-06-30 · Read →