A few months, even weeks ago, I would agree with you. Now, they will probably be celebrated for sticking it to "the man".
The US Fed only buys corporate bond and junk bond ETFs. Other central banks however, do buy equities, whether that is stocks and/or ETFs is not clear, neither is the exchange(s) where those equities are purchased. Many here will try to read between the lines, wrongly: The US Fed is only authorized to purchase corporate bond and junk bond etfs. https://www.bloomberg.com/news/arti...-boost-holdings-of-equities-beyond-1-trillion https://www.nytimes.com/2020/05/12/business/dealbook/fed-bond-etf.html https://www.barrons.com/articles/why-the-federal-reserve-is-now-buying-etfs-51585076254 https://www.wsj.com/articles/ny-fed-says-it-will-start-buying-etfs-11589247736