Just to put things into perspective: The S&P 500 may have hit a new ATH today, but if you put the index in relation to the Fed's balance sheet, it is trading at the same level as in 2008, so equities have traded sideways since 2008, basically counteracting balance sheet expansion pic.twitter.com/5aHlcIi9sL
— Holger Zschaepitz (@Schuldensuehner) April 5, 2021
via Twitter https://twitter.com/Schuldensuehner
April 05, 2021 at 09:18PM
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