Por qué contracción de oferta de dinero podría traer problemas

The video discusses the M2 money supply's relationship with nominal GDP growth, highlighting the excess liquidity in financial markets during economic recovery. It warns of potential stock market issues as liquidity contracts. Investment strategies are suggested, focusing on defensive sectors and international markets. The video also notes the risks in traditionally defensive sectors due to rising yields.

What is the significance of the relationship between money supply and economic activity?

What potential risks do the most defensive sectors face if yields start climbing?