David Stockman posted this figure on his tweeter account.
The chart is pretty interesting and clearly no one can dispute data. But what is more interesting I think is the fact that after each of these “fake news” and even when it became clear that the lie was a lie, the market did not give back its gain.
That tells me that the actual “support” of the market is not the lie but rather the FED cheap money and the “lies” are used as narrative to make things simple and hide what is being done in the background. And what is being done in the background including the super aggressive REPO tell us that there is something bigger that the FEDs and the “0.1%” worried about and glass house is so fragile that it will not handle the slightest scratch.