SPY - I Just Added These 3 Stocks To My Retirement Portfolio
Introduction
Since mid-October, the Fed has been executing a generous "Not QE" policy. Fed Chairman Powell was quoted as saying, "This is not QE... In no sense is this QE." Despite the Fed's curious moniker for their current operations, their latest policy entails lower target interest rates and injecting liquidity into the repo market. The repo market is essentially where institutions, such as hedge funds and banks, access liquidity quickly.
Make no mistake: the Fed is buying a lot of securities-more than most analysts who closely monitor bond markets anticipated. In addition to