Why Stock Market Is Soaring In Face Of Higher Rates

The Fed still has interest rates elevated, while it's continuing its quantitative tightening program. As a result, the yearly M2 money supply growth is negative, at the lowest levels since the great depression.

Yet the stock markets continue to soar, with the major indices either setting new records or coming within shouting distance of the old ones.

How does this reconcile?

To find out, click to watch today's call with Greg Crennan from Golden Coast Consulting where he explains what's happening, and also what to watch out for in the month's ahead as the Fed's BTFP program expires in March!

Arcadia Economics

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