This isn't about the stock market, it's about the banking system and bond market. A side effect is the market feeling better that the banking system isn't going to collapse. However, the market will do whatever it does, this move wasn't about the stock market.

I've commented to this effect maybe 4 times now, does no one remember 2008/2009? Does no one remember the credit markets freezing? Forget about the stock market, it's child play compared to what would unfold.

https://www.managementstudyguide.com/credit-market-freeze.ht...