Date: June 2014: zerohedge.com/sites/defaul...5_EOD11_1.png
zerohedge.com/sites/defaul...5_EOD11_1.png
We have priced in the rest of the Fed's balance sheet expansion to the end of the Taper... The S&P is actually around 20-25 points rich to the current levels of the Fed's balance sheet
I am not a 'fundamentally-based' trader .. but this is an interesting chart .. I agree with Amy's warning (some Fed involvement and purchases are not wholly transparent .. disagree with Loaf of Bread though .. there is a clear and track-able relationship between bonds and stocks (easily placed on a chart) .. 6/6/14