The FED has been buying ETFs for the first time ever, here's what they have been buying...
It was announced several weeks back that the FED would be buying ETFs for the first time in our nation's history.
More on that can be seen here:
Specifically, they announced they would be buying corporate bond ETFs.
The breakdown of which can be seen here:
(Source: ~~~ embed:1266537161639235584) twitter metadata:UVRSUmVzZWFyY2h8fGh0dHBzOi8vdHdpdHRlci5jb20vUVRSUmVzZWFyY2gvc3RhdHVzLzEyNjY1MzcxNjE2MzkyMzU1ODQpfA== ~~~
The interesting thing is that they are buying "junk bond" ETFs as well.
And one of the those funds literally has the ticker "JNK"...
Can't make this stuff up...
That's where our tax dollars (and non tax dollars created out of thin air) are going.
Stay informed my friends.
-Doc
wow. chart here shows just how much the price of junk soared after the fed started buying.
Yep, color me surprised...
@tipu curate
Upvoted 👌 (Mana: 5/20)
Thanks for the tip!
Interesting post. ETF's are so bizarre anyway
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Why do you say that? I think they are great personally.
Nice tip also thanks for this..
Please visit my profile and upvote my post