Chart Of The Year: The Fed Has Doubled The S&P Admits... The Fed

[bluexip]

Prepare to have your minds blown courtesy of what is easily the most astounding chart we have seen in a long, long time, prepared by the economists at the, drumroll, New York Fed, which finds that absent what the Fed calls "Pre-FOMC Announcement Drift", or the move in the S&P in the 24 hours preceding FOMC announcements, the S&P 500 would be at or below 600 points, compared to its current level over 1300. The reason for the divergence: the combined impact of cumulative returns of in the S&P on days before, of, and after FOMC announcements.

in http://www.zerohedge.com/news/chart-year-fed-has-doubled-sp-admits-fed

cumprimentos,
bluexip