So it's easy right? The Fed goes BRRRRRRRRRR and stocks go up? Not so fast curious macro investor! Lets dive into what really happens, whilst there is an indirect link between the Fed and stocks going up, the real primary driver is the Treasury and it's spending/stimulus as this is what pushes up deposits, driving money supply up We dive into data on FRED to illustrate this (anyone can access this data), and outside the process from the Treasury auctions, to Robinhoodies buying $HTZ