Direxion Daily Real Estate Bear 3x (DRV)

[tw0122]

Blackrock now the Fed’s pet project to buy stocks to lift the fake stock markets as needed.


(Source: Federal Reserve's website)

You can see that according to the Exhibit B, this is the power of attorney language for BlackRock to “manage, supervise, and direct the investments” for the Fed’s account. Clearly, the language in Exhibit B says, “transact in any and all stocks, bonds, cash held for investment and other assets.”

Of course Jerome Powell himself has a big tie with BlackRock