S&P 500 Surpasses Dot-Com Bubble Peak Relative to US M2 Money Supply

The S&P 500 relative to the US M2 money supply has surpassed its previous peak from the Dot-Com Bubble, reaching a current reading of 0.330, above the 0.308 level recorded in August 2000.

Historically, this peak was followed by a nearly 50% decline over 2.5 years and a subsequent 7-year recovery period.

The recent movement in the S&P 500 raises concerns about potential market corrections similar to those experienced in the past.