Quad Witch ‘Pins’ S&P At Exactly 2500 Despite Dismal Data, Nukes, & Terrorism

Jon Economy

So to be clear, this week we had:
Hurricane Irma crushes Florida North Korea test fires ICBMs across Japan (again) Economic data misses across the globe (China and US most notably) Terrorism in UK and France And the result – drum roll please – new record highs for The Dow, The S&P, and The Nasdaq… with The Dow’s best week of the year!!
And in case you wondered what sent stocks soaring this week… The Fed (which is supposedly on the verge next week of starting to reduce the balance sheet) saw a $17.7bn spike in its balance sheet – the biggest weekly jump since Dec 2016

This post was published at Zero Hedge on Sep 15, 2017.