The bulls are dominating on Wall Street, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite hitting record highs. The stock market is at its priciest level yet, but historical correlations suggest optimism for the long term. U.S. money supply, particularly M2, is at an all-time high, signaling potential trouble for Wall Street. The market cap-to-M2 money supply ratio has hit a record 306%, indicating an overvalued stock market and predicting heightened volatility. Despite this, historical trends show corrections and bear markets are short-lived compared to bull markets, offering reasons for long-term optimism.

Read more at Nasdaq: U.S. Money Supply Just Made History in More Ways Than One — and It’s Sending an Ominous Warning to Wall Street