With the new Fed chairperson taking over in the new year it is in the Fed's best interest to continue to push the market up to make sure that Janet Yellin looks well liked by the market.
Whether or not the Fed buy programs will continue to rally the market into Christmas and the new year only time will tell, but they will definitely try their best. For now, the Fed is causing panic buying as the short-sellers starts to capitulate and covers.
Whether or not the current rally is the beginning of the hyperinflation it is difficult to determine but the US stock market does looks like Zimbabwe stock market index at the beginning of their hyperinflationary collapse.
The Fed CANNOT taper their QE, instead, the Fed has to increase the amount of their QE
