2 Comments
Aug 7, 2022Liked by Luke M

This aged well. I found your stack parsing through various threads relating to taking M2SL into account, specifically SPX/M2SL. The insight this chart provides is pretty astounding, you can almost see the levels the fed tends to defend, and trend lines/channels used on this chart seem to also show levels we will have a hard time surpassing going forward, at least before the next revolutionary discovery (materials/quantum?), especially with declining populations. Thanks for the info!

Expand full comment
author

Thanks for the note! This truly is an all-time classic metric : )

Expand full comment