The US stock market has seen a bounce back to retrace some 50% of the drop in prices from the late January highs, but this was led by central intervention in the S&P500 futures market. Paul Craig Roberts, Michael Hudson and Dave Kranzler write that “it appears that in May 2010, August 2015, January/February 2016, and currently in February 2018 the Fed is rigging the stock market by purchasing S&P equity index futures in order to arrest stock market declines.”
Several articles on this site have covered this subject in the past. They followed the discovery that in the Chicago Mercantile Exchange’s 10-K filing with the Security and Exchange Commission March 3, 2014, Western central banks had opened commodities trading accounts with the CME, the significance of which was explored in depth. More recently, there have been revelations about the fact that the central banks of Switzerland and Israel have bought substantial lines of stock directly on the New York Stock Exchange, without even bothering about the index futures market.