The U.S. money supply, specifically the M2 money supply, has experienced a significant decline for the first time since the Great Depression. In April 2022, M2 reached a record high of $21.722 trillion, but by June 2024, it stood at $21.025 trillion, representing a cumulative decline of 3.21% [95daac3a]. This decline in the money supply is a concerning indicator of economic activity and can be a precursor to recessions. Historical data suggests that a decline of at least 2% in the M2 money supply is correlated with economic depressions and periods of double-digit unemployment. The concern is that the decline in the money supply could lead to reduced capital for discretionary purchases, potentially impacting the current economic expansion and stock market. However, it's important to maintain perspective and patience when investing, as economic cycles and market fluctuations are normal and inevitable. In the long term, patience and perspective have proven to be more profitable for investors.