Ocean of Stock Fuel

Singing to the ocean
I can hear the ocean's roar
Play for free, play for me
And play a whole lot more, more!
--Led Zeppelin

With stocks marking all time highs, common wisdom is that economic fundamentals must be great. But let's not kid ourselves. Central banks around the world are cutting rates like mad:

In fact, we haven't this degree of rate cutting since the credit crisis 10+ yrs ago:

The Fed, of course, is pushing the gas pedal further by monetizing short term debt:

Its balance sheet has quickly grown back over the $4 trillion mark:

And, as the Fed's balance sheet grows, so do stock prices--both in the short term...

...and the long term.

Stock prices are being fueled by an ocean of liquidity that is rising at epic rates.