SMCCF a first and very Big.

The SMCCF “will purchase in the secondary market corporate bonds issued by investment grade U.S. companies and U.S.-listed exchange-traded funds whose investment objective is to provide broad exposure to the market for U.S. investment grade corporate bonds,” 

Fed buying investment grade Corp Bond ETFs Another first. 

Fed surprises are going to just keep coming.
 
Don't fight the Fed ? 

possible targets. 
LQD VCIT VCSH IGSB