And still no one believes the fed is now responsible for every single gain the markets have seen.
Without the fed equities would be 80-90% lower.
Fed Is Getting Awfully Close to Backing Apple Stock
The central bank will purchase the company’s bonds, which were issued in part for share buybacks.
By
Brian Chappatta
July 6, 2020, 6:00 AM EDT
https://www.bloomberg.com/opinion/a...se-to-backing-apple-stock-by-buying-its-bonds

