The Fed and Plunge Protection Team have clearly been very busy in recent times. According to former assistant Treasury Secretary under Reagan, Dr.Paul Craig Roberts, the Fed has been trying to prop up the stock market by purchasing S&P equity index futures.
According to Bloomberg a record $23 billion fled the world's largest ETF the SPDR S&P 500 last week. Meanwhile, Treasury bond yields rose to a 4 year high of 2.9% and the dollar continued its slump towards a 3 year low.
Doesn't it just make you want to jump into buying stocks?
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