BREAKING: The Nasdaq 100 to M2 money supply ratio is up to a record 0.027. This ratio has more than DOUBLED since the 2022 bear market low. During this period, the Nasdaq 100 has rallied +141% while the M2 money supply has increased +5%. As a result, the ratio is now 42% higher than at the 2000 Dot-Com Bubble peak. Since the 2008 Financial Crisis, this ratio has surged +800%. Big Tech has never been bigger.(The Kobeissi Letter)