2023Stocks added 13.3 trillion in capitalization, bonds up 6.1 trillion. Economic data unchanged.
Gold up, cypto up, small caps up, money market inflows up, liquidity up, financial considtions eased.
Regional banks recovered to 8% down from 40% down despite growth in Fed bail out fund. Real yeild unchanged.
Commodities down, dollar down, bond yeilds down on the year.
Russian and China gold reserves climb as they sell off US treasuries.
https://www.zerohedge.com/markets/powells-pivot-adds-20-trillion-global-debtequity-markets-2023-fiat-alternatives-fly