Terrible earnigns coming in, of course, for banks.  $WFC and $JPM both predictably horrible.
But their stock prices surging today along with 11 out of 11 sectors.
WhY?
Simple.
@federalreserve thinks it's unfair for the 0.1% to suffer any portfolio declines.  Now over $6T. https://t.co/OLyMqWXwYK