The Fed has contributed greatly to the bull market with its NZIRP and QE ultra-easy monetary policies, as evidenced by the close correlation of the S&P 500 and the securities holdings of the Fed.
Bond yields fell to historic lows as the Fed purchased more fixed-income securities, increasing the attractiveness of stocks.
Overload of Fed speeches sends mix signals to investors
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Rocket delivers $291M profit amid improved margins and MSR acquisitions
The Detroit-based lender reported a GAAP net income of $291 million from January to March, its highest profit level in two years.