If the Fed stepped into the auction today, currency is being blown out the door like WWIII and it's a buy. If it was a real auction, currency is still being blown out like it's WWIII but less forcefully than full QE. Either way, they're debasing the currency like it's the end of the world, so assets are going to cost more. If you own those assets, people have to pay you more for them because their money is now worth much less. Buy buy buy