Replies to post #45586 on Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

"New York Fed added $83.1 billion in temporary liquidity to financial markets Thursday"

stock market's 30% gain in 2019 was in no small part backed by the Fed's decision to cut U.S. interest rates three times and inject more than $1 trillion of temporary financing into the repo market. It also added more than $400 billion to its balance sheet in the fourth quarter.

Fed was prepared to continue adding to its balance sheet and providing liquidity to the repo market "at least through April.

https://www.axios.com/federal-reserve-temprorary-liquidity-89c59d7e-7c47-4663-ae55-33b5b55b39f3.html




Trade accordingly.