Print Friendly, PDF & Email

Since the Federal Reserve began its large-scale asset purchase program last fall, there has been a widespread and sustained improvement in most of the indicators we monitor. It is difficult to say exactly how much the program contributed to the improvement, but there is at least a coincident relationship between the Fed’s purchase of assets and the overall movement of much of the data in recent months. Importantly, aggregate profits have continued to increase, which is a positive indicator for future investment.