If you see the balance sheet of Federal Reserve Board (FRB), you can recognize several wave and it's heading to go up. Likewise, if you see the wave of S&P 500, you can see very similar wave. In the Business Strategy class, I learned a fact that there is a correlationship between the trend of Federal Reserve asset and the trend of S&P 500.
In fact, some people mention about it on the Internet.
Correlation Between S&P 500 And Fed's Balance Sheet Threatened By Rising Rates
It's a kind of very interesting viewpoints. If FRB would stop buying asset to make economy market stable, another economy crisis would come all of sudden. That kind of crisis has not come since Lehman Brothers bankruptcy in 2008.
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