Stock market volatility (CBOE S&P 500 VIX index) and the US 10-year Treasury note volatility are subdued after the recent Corona spike. During the financial crisis, The Fed launched QE1 to combat a declining economy. They repeated the massive intervention in 2020 with QE Infinity.
The spread between the VIX and the S&P500 rose the most in 5 years.
The Fed is currently printing money (M2) at a rate of 23.3% YoY.
Asset bubble anyone?