SPXV - The Fed Is Now A Buyer Of Last Resort And The Implications Are Huge

Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks, and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets. – Stanley Druckenmiller

The Federal Reserve System is the central bank of the United States. Created by Congress on Dec. 23, 1913, the Fed was made to provide a safer, more flexible, and more stable monetary and fiscal system. Generally, the Fed has four responsibilities:

1. Conduct monetary policy by influencing money and credit conditions