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I mean everything is a bit oversold right now Everythinig was way overbought when considering the money for those past purchases came from an accommodative Fed

by 300bps 4y ago

I mean everything is a bit oversold right now Everythinig was way overbought when considering the money for those past purchases came from an accommodative Fed that flooded the economy with $9 trillion that currently sits on its balance sheet, lowered interest rates to literally 0 and the government sending out stimulus like it was candy. All of which are either done or ending. So I think a better way to phrase it is that the market is repricing with the new information, it isn't oversold.

everybodyknows 4y ago
Hmm, it does seem the balance sheet has reached a plateau, but the curve only rounded to it around March: https://fred.stlouisfed.org/series/WALCL https://fred.stlouisfed.org/series/WALCL Funny how debt is ignored by big media and the short fiat rates get all the attention. Edit: Fed balance sheet relative to GDP, 2003 to present: https://fred.stlouisfed.org/graph/?g=Pvii https://fred.stlouisfed.org/graph/?g=Pvii