I don’t know....more likely than up is my guess. We will know if things are still unfavorable if they have to do another QE
--and we'll know there was another QE if the market goes up and we'll know QE stopped if the market goes down.
That's because the QE political hacks talk about has nothing at all to do with the Fed Funds Rate, the Fed buying T-bills or other debt because if it did then all we'd have to do is look at which ever the Fed really did and we'd find out it had nothing to do w/ stocks. Instead when we google "quantitive easing" we get MSM stock charts where pundits posted anything they could find that the fed did only on days we had a market inflection.
Mindless politics may be great for ganging up w/ others on the FR but it's sure bad for investing.