$SPY $QQQ $IWM $VIX $AAPL From this weekend's Research Report: The latest permabear rants about market’s surging has come by way of correlating the Fed’s balance sheet expansion with the S&P 500’s “typical” seasonal melt-up and first 5 trading day’s of January performance. The suggestion is that if not for the Fed pumping liquidity into markets by expanding its balance sheet, it would have fallen. Of course, since the Fed began expanding its balance sheet again in October 2019, at such a rapid rate, the S&P 500 has traveled higher by some 365 points or just under 12 percent.
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