Inflation happens when the supply of money exceeds the demand for it. M2 is arguably the best measure of money supply.

Seasonally Adjusted Money Supply has been growing on a consistent monthly basis for over a year. The chart below shows the consistency of that growth, with the recent month clocking in at $92B.

US stocks had a terrible day on Monday. And no sector suffered more than tech. The tech-heavy Nasdaq 100 saw among the deepest losses on the day, falling 3.8%, its largest single-day drawdown ...