What a graph!

1. Lead Lag relationship between the two.

2. Inversion in 2020.

3. Current VC funding is higher than it was in 2018-Q2 although similar interest rates, must be because of higher inflation leading to an increase in absolute dollar value but inflation adjusted it could be similar. It would be strikingly mind boggling if it was significantly higher even after adjusting for inflation.

How should I interpret it?