#5 · M2−Nasdaq Scissors
Latest
-24.33
Min
-62.55
Max
35.26
Data points
2502
Creator threshold
Creator: red-triggered; M2 +5.6% vs Nasdaq +29.7%, gap ≈ −24pp — deep divergence.
Historical state distribution2016-07-27 → 2026-07-10
| Triggered | 1441 | 57.6% |
| Warning | 381 | 15.2% |
| Not triggered | 680 | 27.2% |
Broad money (M2) year-over-year growth minus the Nasdaq-100 (QQQ) year-over-year return. A deeply negative gap means asset prices are sprinting far ahead of the money supply — a rally powered by concentrated leverage on existing cash, not by new liquidity.
FRED WM2NS · Yahoo QQQ