Form 8.3 - Lok'n Store Group PLC
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*Downing LLP*
*LEI: 213800G3X76VBG9SB504*
*29 April 2024*
*Form 8.3 re. Lok’n Store Group Plc*
2020-10-06
Fed Balance Sheet vs SPX Chart Update
Back in May, the gain in the Fed's balance sheet and S&P 500 Index were nearly identical, 210 percent versus 212 percent. The amazing thing about the chart is there's only one axis. It isn't using two-axes to show a correlation, the percentage increase in both was similar until 2016. There was a legitimate "Trump rally" based on tax cuts that made equitites more attractive as an asset class, but even that was gone during the pandemic crash.
Labels:
Charts,
Federal Reserve,
investing,
SPY
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