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

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.

Who is responsible for the stock market going higher? Trump or Central Banks? You decide… pic.twitter.com/pati6mGku2

— Alastair (@StockBoardAsset) February 17, 2018

Global Central Banks have not stopped their reckless money printing. ECB/BOJ leaking into US markets. Treasury yields advancing will being a reality check soon. pic.twitter.com/AEjmR1yToW

— Alastair (@StockBoardAsset) February 17, 2018