M2 Money Velocity (GDP/M2 Money Stock) actually rose in Q3 2017 to 1.4282.
At least it rose above the all-time from Q2 of 1.428.
As M2 Money growth continues to be >2x real GDP growth YoY.
Yet momentum in the stock market is the greatest since the dot.com bubble.
Well, Fed Chair Janet Yellen keeps telling us everything is groovy.