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Who would want to short US stocks when the Fed is "hinting at easing"?
This time, the real reason why bears are afraid to act rashly is—RMP (Reserve Management Purchases). According to several major Wall Street investment banks, to prevent a year-end cash crunch, the Fed may announce the start of RMP as soon as at next week's meeting. This means that starting January next year, the Fed will buy $2–3.5 billion in short-term US Treasuries every month. Although officials will insist, "This is not QE (Quantitative Easing), it's just a technical adjustment," since QE buys long-term bonds and RMP buys short-term bonds, the market still sees it as just another form of "easing" under a different name.