QE in the modern era ... the Federal Reserve buying hundreds of billions of treasury bonds.
Or have they quit that?
If they’ve quit, who’s buying all the bonds?
The big buying sprees were '09, '11, and '13. The S&P had already begun its bounce before all three and the big '12-'15 run happened after QE1 and QE2. Fed buying stopped back in Sept. '14 and the S&P continued to climb for half a year. There's more going on w/ stocks than just QE.
If theyve quit, whos buying all the bonds?
From '08 to '15 the total Federal debt doubled by selling $9T and of that the Fed bought "only" $2T. There are plenty of other buyers.