彭博ETF分析师：美联储未来或将购买股票ETF，美股已大到不能倒

Odaily Odaily Planet Daily News, Bloomberg ETF analyst Eric Balchunas posted on the X platform stating that he released a report today that he had been contemplating for months. The report discusses how the U.S. stock market may have become too large and important, essentially serving as America's retirement fund and potentially even becoming a source of relief for Social Security, which is projected to run out of funds in less than 10 years. Currently, 55% of Americans hold stocks, the highest level globally; as Trump Accounts bring an additional 28 million Americans into the stockholding sphere, the vast majority—including the top 1% who hold half of the U.S. stock market, the middle class, and low-income groups—will have a financial stake in the health of the stock market. Moreover, they are all voters, so the political pressure to prevent the stock market from entering a prolonged bear market will be extremely strong.

Eric Balchunas believes that during the next major downturn, the Federal Reserve is highly likely to buy stock ETFs to support the market, and this will become a common practice in the future, as China and Japan have already done. The Fed might even go further by purchasing shares of companies in specific sectors or those with capital expenditures. He stated that this is a huge variable, but there is a blind spot among expert groups regarding it, and it is also why bears are repeatedly suppressed. Investors have already realized this, with evidence including continuous ETF inflows during market corrections and a survey of 1,000 people showing that three-quarters of respondents believe the Fed will rescue the market in the next crisis. He indicated that this is just one byproduct of the global, especially the U.S., monetary supply expansion and debt expansion, which currently appears irreversible.