My take on QE 4 / NOT QE / repo mess:

Basically, popular people are now saying that the 10% increase in US assets (namely our publicly listed companies) over the past few months has absolutely NOTHING to do with the general progress of MAGA, and everything to do with the Fed shoring up the repo market and adding 250 billion dollars to its balance sheet.

In other words, for a mere $250 billion, the Fed has supposedly increased the world's perceived value of US companies by $3 TRILLION dollars.

Not a bad thing at all.

But in my opinion it's MAGA and Trump's commitment to KAG that has increased the USA's perceived value relative to the rest of the world. The supply side of the repo market dried up because smart money is busy doubling and tripling down on the future of America.

See…

https://www.zerohedge.com/markets/neel-kashkari-appeals-qe-conspiracists-show-me-how-fed-moving-stock-prices-so-here-it