Today's POMO has come and gone, the Fed has monetized $2 billion of 3 Year bonds, the money has been funded to the PDs who have already executed their daily purchases of SPY, Amazon and Apple. The ratio of Submitted to Accepted bids was a whopping 10x. Most desired CUSIP was 912828NY2. The market can now resume its decline. Move along.
Today's POMO Is Finished: A Meager $2 Billion Allotted To Purchases Of AAPL And AMZN
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