Fed’s SMCCF balance: 0 (look under secondary credit) www.federalreserve.gov/releases/h41/20200416/
Asset backed security loan facilities: 0 (look under Credit extended thru FED.., look at that blue term line) www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Basically, what FED’s doing is giving the market false hope that it will actually do infinite QE, guess what, they’re not actually doing it. It’s almost like a pump and dump scheme.
Take it what you may. Bulls, you may be thinking, good news, they haven’t even gotten started yet. Bears, like me, I think this bubble is gonna burst real soon.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.