Yes, I can vouch that's what happened cuz the American government calls me to get the entry confirmed. I kinda act like a fortune parrot for them.
The Fed is the whale in the U.S. market post 2008. It's not just their policies - its the volume of their trading that drives the market - that and corp buybacks. https://wallstreetonparade.com/2020...6-59-trillion-today-from-576-billion-in-2008/
Also demonstrate why Fed is not willing to raise the interests for the high inflation. Not like the old time, the Fed had to raise the interests to smooth the impact of the high inflation to the market. These days all the Fed need to do is just to enter the market and print and buy. It is so easy. Lol
They own no stock. Go ahead, tell me one company you've seen them on the top holdings list. Because to influence indexes they'd have to own a shitload of stock. Are you not aware that publicly traded companies have to disclose this information ?
The Fed Chair gives the memo to Primary Dealers to manipulate the algos to push the market up on low volume. You can see it through stacking/pulling and the tape.