Another Day Another Bailout: Fed To Start Buying Junk Bonds, High Yield ETFs

Why did the US stock market indexes rally despite another enormous (now 3 weeks in a row) jobless claims number? 

US weekly jobless claims jump by 6.6 million and we’ve now lost 10% of workforce in three weeks.

Because the Fed's balance sheet is set to expand even further after they committed today to buying up hundreds of billions of dollars worth of junk bonds and junk bond ETFs!

- Source, Wall St for Main St

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