Stocks took a good run higher, beginning in the overnight futures trade.

Happy visions of vaccines and more corporate-friendly stimulus had visions of easy money dancing in Wall Street's head.

But alas, the big sled dogs, the high cap tech, faltered once again.

There was a 'sector rotation' to the small caps as seen in the Russell 2000.

We see that the M2 money supply is growing at a torrid 25% year-over-year pace.

The Dollar dumped.

Perhaps the rest of the world needs to read a weighty essay about Modern Monetary Theory.

And so the Fed continues to buy Treasuries as if there was no tomorrow. 

Nice.

Of course, we are doing this 'rescue' all wrong again, propping up the corporate 'job creators' and barely giving a crumb or two to the consumers.

But who controls the wellspring of the money supply creation in the Federal Reserve?

Uh-huh. The same crew that owns most of the stock market, and the economic noose of financialization.

Smells like teen spirit. And a future rendezvous with destiny.

And there you have it.

Have a pleasant evening.

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