I really don't see how anyone can be bearish, charts and liquidity are bullish
in 2014, that was supposed to be the top as qe ended
now, it's supposed to be the top because the fed is shrinking the balance sheet
since when does the fed advertise a market downturn? NEVER
in 2008, the markets crashed because of fed reverse repo's. did they advertise that? NO. most don't
even know what that is.
the fed knows they can shrink the balance sheet because liquidity is available to absorb it and still plenty to push markets to uncharted heights