$SPY A financial advisor came to our office and I asked some pointed questions. I asked why, if the economy was so stellar, is the Fed is in full stimulation mode. His response was that in an interest of maintaining his place at the head of the Fed Powell is giving Trump the economy he needs to get re-elected. They know it takes about 18 months to fully reap the benefits of low rates and QE. Said we still have at least 10-20% to go. Always think it’s interesting to see what “they” think of this market. Any dip will be immediately bought up at this point. He thought a 10% correction would be bullish right now.
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