"Essentially, there was a successful handoff from the Fed to the economy and I see the same thing playing out this go around.
I believe the Fed will continue these emergency policy measures with them buying additional bonds for the remainder of the year. Then as the economy rebounds with the recovery really taking hold, the Fed will then curtail their bond buying (expect a market correction when this happens), effectively resulting in a ‘handoff’ from the Fed to the economy."
https://www.greaterfool.ca/wp-content/uploads/2021/02/RYAN-1-1.png?x70502
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