Just some facts. Make of them what you will.
The Fed added just under $2 trillion to its balance sheet since the 3/23 lows in stocks.
There have been 67,769 deaths from COVID-19 since the 3/23 lows in stocks.
The market capitalization of the broad US equity market has risen by $7.4 trillion.
So, US stock market investors have gained a stunning $109 million for every American that has died from COVID-19 since The Fed began its bailout.
During the same period, 30.3 million Americans have lost their jobs.
This means American stocks have gained $244,000 for every furloughed, fired, and unfriended worker suffering in lockdown.
Finally, at the latest count, we have lost 434 jobs for every confirmed US death from COVID-19.
Seems like Wall Street wins… twice.