Here's a link to the Fed's balance sheet as of June 2, 2016. See if you see any equities...
Exactly. The Fed is propping up the debt markets. That is what QE is all about. If we have a failed Treasury auction, all hell will break loose. The bond markets dwarf the equity markets by many multiples. The stock market is only a secondary beneficiary.
Wrong balance sheets. The feds are not stupid enough to be holding over valued securities. And the Banks they loaned the money too have no choice. They were given an offer they could not refuse.
I trust the Fed’s published balance sheet as much as Mexican tap water. Drink away my friend.