What‘s With this Strange Spike in M1 Money Supply?

<p>In May of 2020, the money supply seemingly surged. Though this didn't make any news headlines, many screenshots of the Fed's measurement of the money supply continue to circulate online. But everything is not what it seems. So why did M1 money supply spike overnight, while M2 didn't change at all during the same time?</p> <p> </p> <p>M1 Money Supply <a href='https://fred.stlouisfed.org/series/WM1NS'>https://fred.stlouisfed.org/series/WM1NS </a></p> <p>M2 Money Supply <a href='https://fred.stlouisfed.org/series/WM2NS'>https://fred.stlouisfed.org/series/WM2NS </a></p> <p> </p> <p>Get Your FREE $100 of Bitcoin: <a href='https://itrust.capital/heresy'>https://itrust.capital/heresy</a> </p>