⭐️ Grandpa Pow's stealth QE is the root cause of the bull market, and the second wave of BTFP became excessive liquidity and money stocks bottomed out, leading to stock price increases, Pow ‼️
⭐️ Stealth QE's trail is solid ‼️ The shadow BTFP started in May, and money stocks have bottomed out spectacularly, and stock prices have been pushed up one level. Of course, the original BTFP was liquidity support for regional banks, but as a result of leaving it unattended, damaged US bonds evolved into excessive liquidity using damaged US bonds as collateral at face value, leading to an excessive rise in US stocks ‼️
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