Keeping with current trends, the bank of Japan intervenes in the Yen market even with stocks at all time highs. Good for more market pump

Bank of Japan decided to prop up the Yen today. With the Nikkei and the US markets at all time highs. The move pushed the USD down, which also pushed crude oil down. USD and crude were high as a natural result of current events. It's natural price discovery at work and the BOJ put an end to it with forced intervention.

They didn't even choose to pump the markets while they were weak. We're literally at the highs. The slightest sign of stress and they have to jump in to keep the market rallies going.

The market pumps are just fueled by constant government intervention. And they respond faster and faster. It makes it impossible to trust US and global markets because true price discovery is gone. Any time there's a remote sign of weakness, governments and banks intervene and induce a rally. Even while markets are in the most obvious bubble of the last 2 decades.

And in the meantime, inflation is at 3-4 year highs across CPI, PPI, and PCE with crude at multi decade highs. Personal savings and consumption are at multi-year lows, suggesting extreme consumer weakness. But none of that matters. The market continues to be fueled by intervention and AI hopes, which haven't and will not translate to healthier consumer earnings/spending and broader markets earnings beyond chip manufacturing companies for a long time.