I keep coming back to this chart. Whenever I get tempted to fade...

I keep coming back to this chart.  Whenever I get tempted to fade the S&P or think that it is about people buying and selling equities in the normal manner that is driving the market... this seems to give me the reality check that I need.

I am definitely one of the posters that takes more that gives on this thread , however, I do post  when I feel there is something valuable to add.

I would love to hear anyone argue the counterpoint that it is CB liquidity driving risk assets because for the life of me I am unable to come up with a counter argument.