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© 2025 Markets Unplugged - Published with Ghost & Aspect

Liquidity ≠ Allocation: Why M2 Alone Won’t Guide You Through This Cycle

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    Oz Oz
    Full on Technical Analysis wizard and financial tech specialist. Demonstrates his TA craft on the podcast and YouTube. Loves Manchester United. Favourite player is Francesco Totti.
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  • May 27, 2025
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Liquidity ≠ Allocation: Why M2 Alone Won’t Guide You Through This Cycle
Photo by Obie Fernandez / Unsplash
  • Macro Heat

M2: The Misunderstood Metric

M2 — a measure of the money supply — has become the favoured chart for liquidity enthusiasts. Many have treated it as the cornerstone of their macro view, waiting for it to rise, curl, or inflect before committing to risk. But this reliance is misplaced.

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Oz Oz
Full on Technical Analysis wizard and financial tech specialist. Demonstrates his TA craft on the podcast and YouTube. Loves Manchester United. Favourite player is Francesco Totti.
  • X
  • Website
Oz Oz
Full on Technical Analysis wizard and financial tech specialist. Demonstrates his TA craft on the podcast and YouTube. Loves Manchester United. Favourite player is Francesco Totti.
  • X
  • Website
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