Fed announced QE "taper" in Nov and accelerated it in Dec....but data shows that over past 4 weeks, its balance-sheet still grew by ~$120b!
In anticipation of the end of QE, hedge funds dumped tech stocks in Nov/Dec. With Fed still pumping $120b/month, will HFs now ↗️ exposure?
In anticipation of the end of QE, hedge funds dumped tech stocks in Nov/Dec. With Fed still pumping $120b/month, will HFs now ↗️ exposure?
After realising that despite QE "taper" announcements, the Federal Reserve's balance-sheet still grew by $120 billion over the past four weeks, I covered my #NQ_F short at a loss, also my long $ futures position and $TLT
I've also increased exposure to growth stocks.
I've also increased exposure to growth stocks.
In November, the Fed announced it would reduce QE by $15 billion per month and in December, it announced it would reduce it by $30 billion per month (with view to ending it in March).
Despite these 'hawkish' declarations, its balance-sheet still grew by ~$120b over past 4 weeks!
Despite these 'hawkish' declarations, its balance-sheet still grew by ~$120b over past 4 weeks!
Here is the raw data from the Fed's website -
Where is the QE taper!?
Where is the QE taper!?
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