Fed Behind 93% Of S&P Rise Since 2008: Economist

What’s driven the S&P 500 Index for that past eight years or so? It’s the Federal Reserve, says economist Brian Barnier, a principal at ValueBridge Advisors and founder of FedDashBoard.com. Speaking recently on Yahoo Finance, Barnier explained what happened when he looked at the impact of four factors on public equities: future (or forward) GDP, monetary…

It looks like Brian is right.

Monetary Base vs. S&P 500 (Source: St. Louis Fed)