Who is responsible for the stock market going higher? Trump or Central Banks? You decide…

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by Chris
lance Roberts just tweeted this factoid.

Shocked!  Shocked am I to discover that after a tiny bit of historically irrelevant “”market”” declines the Fed (alone) dumped $5.6 billion into the system.
I guess we have our answer to “how much of a decline is required before the Fed freaks out and responds” and that answer is “roughly 5% to 10%, but no more.”

This is the FED’s own data series. Powell-y boy seems to have given in already. That’d didn’t take long, did it.

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