[RainMaker]

Originally Posted by Hammer

Still not getting it. I invest in 2 Baillie Gifford funds, American and Global Discovery. Both have recorded large gains. Wierd. Seriously thinking about cutting and running and putting it in cash now.

In case there was any question about who the Fed's purchases benefit. Asset owners.

The premium/discount that corporate bond ETF $LQD has been trading relative to its NAV.

Buyers clearly rushing to front-run BlackRock after the Fed announced on 3/23 ETFs would be purchased pic.twitter.com/00ahNM5fTD

— Andrew W. Park (@apark_) May 27, 2020