Stick a fork in additional stimulus .

[speedo]

Show me were they bought stock etf's? I've read 20 times they bought bond etf's . Japans done 5 times the stimulus we've done over the last 20 yrs ,has had zero rates for 20 yrs, buys their stock mkt and the Stock mkt still down 45% from 31 yrs ago.

You are right, they can only provide liquidity, but if they want the equity markets up, they go up.

 

[Arnie]

It's considered unemployment fraud if you take UI payments and also work. Many people are about to get a rude awakening.

A few months, even weeks ago, I would agree with you. Now, they will probably be celebrated for sticking it to "the man".

 

[BAT31]

The blood suckers making $800 a week were certain they'd get a free ride until Jan . Thats over with .

Everyone's a "blood sucker" until adversity hits them...

 

[Nine_Ender]

They don't buy stocks but they do buy ETF's which in turn have to buy stock.

This is just bs like the rest of the PPT nonsense people post about on this site.

 

[lovethetrade]

You are right, they can only provide liquidity, but if they want the equity markets up, they go up.

The institutions act as proxies for the Fed to achieve mutual objectives.

 

[tiddlywinks]

They don't buy stocks but they do buy ETF's which in turn have to buy stock.

The US Fed only buys corporate bond and junk bond ETFs.

Other central banks however, do buy equities, whether that is stocks and/or ETFs is not clear, neither is the exchange(s) where those equities are purchased.

Many here will try to read between the lines, wrongly: The US Fed is only authorized to purchase corporate bond and junk bond etfs.

https://www.bloomberg.com/news/arti...-boost-holdings-of-equities-beyond-1-trillion

https://www.nytimes.com/2020/05/12/business/dealbook/fed-bond-etf.html

https://www.barrons.com/articles/why-the-federal-reserve-is-now-buying-etfs-51585076254

https://www.wsj.com/articles/ny-fed-says-it-will-start-buying-etfs-11589247736