Fed Reduced Treasury Holdings by 17.8 B Last Week

The Fed's balance sheet declined by $16.8 billion last week, treasuries down $17.8 billion and MBS up $1 billion. Factoid: the balance sheet reduction in the week ended May 2 erased a month of treasury buying from June 25. 2014 to July 23, 2014, and two weeks of balance sheet increase that month.
This second chart is the S&P 500 compared to Federal Reserve balance sheet, both indexed to 100 as of December 31, 2017.

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