Fed vs. Fundamentals

Stocks mixed amid expectations of help from Fed – Market Day.

This article is stating that the weak economic data is actually driving the stock market upward because the weakness makes Fed intervention more likely. It seems that the money printing machine is more important for these companies than their profits (or lack thereof).

Fed intervention has broken the stock market. Participants do not wish to add to their holdings, but on the other hand they do not wish to leave the market and miss out on some Ctrl-P profits.

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