Morgan Stanley’s quant team calculates that every $20bn decline in the Fed’s MBS holdings shaves 0.37% off the S&P 500.

Morgan Stanley's quant team calculates that every $20bn decline in the Fed's MBS holdings shaves 0.37% off the S&P 500. pic.twitter.com/SBfKycKeLo

— Robin Wigglesworth (@RobinWigg) January 10, 2019

this is probably not good pic.twitter.com/PxYfrnEczx

— Alastair Williamson (@StockBoardAsset) January 10, 2019

credit leading stocks lower pic.twitter.com/kwKBUygQL4

— Alastair Williamson (@StockBoardAsset) January 10, 2019

And how many recessions has the Fed predicted? https://t.co/yDcb7t6bbo

— Sven Henrich (@NorthmanTrader) January 10, 2019

pic.twitter.com/JlazTYQMnB

— M/I_Investments (@MI_Investments) January 10, 2019