The Fed is buying corporate debt and various other debt instruments but NOT equities. The Fed also provides liquidity via easing (purchase of government bonds) and it is the market’s reaction to this new money that is pushing the stock market prices up.
The Fed does not buy / own any stocks
ps. Nasdaq in the red - watch this index for a potential double top and if it doesn’t break through all time highs it should bring the entire sharade down. If it does, it won’t be pretty for us short term
BBUS, page-5031
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