An Attempt to Inflate Financial Asset Prices and Maintain Negative Real Interest Rates

As you may recall I said early this year that the stock market had the flavor of a 'market operation' on the tape, a conscious effort to inflate asset prices.

If you look at some of the key market charts below, the price action has pretty much been a thrown rope, almost never violating the 15 Day Moving Average.

It has been a while since I have seen a Williams%R pegged to the topside like