You're absolutely right. March 23, 2020 was when the market reached it's bottom and by mid-day, the federal reserve promised it would do everything in its power to make the money printers go brrr.

Can't have wealthy stock investors see their portfolios go down! Stonks can only go up in this economy, baby!

https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm