This Hasn't Happened to U.S. Money Supply Since the Great Depression, and It's Typically Accompanied by a Big Move in Stocks
Over the long run, Wall Street is a money machine for patient investors. But when examined over a period of months or perhaps a year or two, the stock market can truly be "a riddle wrapped in a mystery inside an enigma," to quote the late Winston Churchill.
Over the trailing two years, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC), surged to all-time closing highs, plummeted into a bear market, and have now rocketed out of the gate in 2023 into what some investors would deem is a new bull market.
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Source Fool.com