According to @charliebilello, the Federal Reserve’s balance sheet has shrunk 24% over the past three years while the S&P 500 has advanced 82%, indicating the SPX rally has persisted during quantitative tightening, not QE, source: @charliebilello on X, Dec 7, 2025. He adds this dispels the myth that the stock market is dependent on QE to rise, a data point equity traders can use when evaluating SPX trend drivers in a QT environment, source: @charliebilello on X, Dec 7, 2025.

According to @cas_abbe, the Federal Reserve is set to end quantitative tightening next week, and when QT ended in September 2019, BTC fell nearly 65% before recovering with QE while altcoin/BTC pairs rallied about 90%, with many alts down in USD but outperforming in BTC terms (source: @cas_abbe). He adds that most altcoins have been in a bear market since December 2024 and argues that high-confluence alts could outperform BTC on a relative basis if a similar rotation unfolds (source: @cas_abbe). For traders, he implies the focus should be on alt/BTC pairs over USD pairs if QT ends as expected (source: @cas_abbe).