SPX S&P 500 Daily Chart; Federal Reserve's QE (that's not QE) Rally Sends Stocks to the Moon; S&P 500 Prints All-Time Record High at 3205.48

On October 11, 2019, the Federal Reserve started the latest QE (quantitative easing) program that has created the end of year rally. The Fed is capable of creating stock market rallies at will out of whole cloth. 

The repo problem hit the markets late summer and the Fed remains extremely worried about the situation. Chairman Powell stepped-in to markets in October providing a mountain of liquidity to avoid any late-year misstep for the stock market. The wealthy elite class, that own large stock portfolios, must always be protected. The Fed sicko's added more reserves than when they were doing actual QE. These folks are sick pups.

Investors, traders and investment banks are in liquidity heaven; the easy money flows non-stop from the Fed spigot. Look outside. See all that liquidity? All that money that is 3 feet (1 m) deep on the front lawn. Go grab some and buy stocks, bonds, real estate, art, collectibles, antique cars, anything your heart desires. Live for today and don't worry about tomorrow. The world is awash in liquidity. Hence, stocks go up.

Fed Chairman Powell is pumping the stock market which is exactly what President Trump likes to see; uber dovishness. Trump's path to re-election in November is with a strong economy. If the US slips into recession or if the stock market crashes, Trump is probably toast. Is Jerome becoming a little lackey boy for King Trump? Powell comments on the October Fed pump operation saying, "This is not QE." If it walks like a duck, flies like a duck and quacks like a duck, it's a duck! (QE) The central bankers are the market. It is going to be spectacular, exciting, jaw-dropping and historic when they are not.

People do not expect a liquidity event to occur in markets (always take notice to the things that no one think will happen) but for the last five months Powell keeps tossing and turning in his sleep every night. Sometimes he wakes up screaming, then sobbing, due to a nightmare where he sees Trump's orange head hovering over him telling him to cut rates. Everything is entertainment during the bread and circus days. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 1:45 PM EST: The SPX prints a new record high at 3203.82. The business media opines about why the stock market ignores the Trump Impeachment but it is not rocket science; look at the chart above.

Note Added 2:04 PM EST: The SPX prints a new all-time record high at 3203.94. 

Note Added 2:10 PM EST: The SPX prints a new all-time record high at 3204.61. 

Note Added 2:29 PM EST: The SPX prints a new all-time record high at 3205.37. 

Note Added 7:37 PM EST: The SPX prints a new all-time record high at 3205.48, the highest number in history, and a new all-time closing high at 3205.37.