As traders, economists, and TV talking-heads parse every word of Janet Yellen's first FOMC statement for hints at when the punchbowl (if ever) will be removed, there is - as the following chart clearly shows - only one thing that really matters...
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h/t @Not_Jim_Cramer
And as we know all that matters for stock prices is the Fed balance sheet...
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Unfortunately, for those hoping for moar, the trend is not your friend as it seems we saw "peak FOMC words" in December...
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So now we know - we must see more words or it's all over...