The Fed is preparing to pull the plug on the markets. Quietly and with little notice, the Fed balance sheet has begun shrinking. Indeed, it started in early June 2020. It is not coincidence that the S&P 500 peaked around that date.
The Fed is preparing to pull the plug on the markets. Quietly and with little notice, the Fed balance sheet has begun shrinking. Indeed, it started in early June 2020. It is not coincidence that the S&P 500 peaked around that date.