Interest rates are high now, so in theory investment in the stock market should be lower (and it was for a long time - see all the people investing in treasuries to get the great and safe returns)
While this is true, the "trickling out" timing doesn't appear to correlate very well stock market increases.
It's true that reverse repos have been decreasing and the stock market increasing. But the timing of movement seems too far out for there to be much of a causal link.
https://www.newyorkfed.org/markets/desk-operations/reverse-r...
Hard to tell which caused which.
Edit: not sure why you’re downvoting! It was actually $3.3tn in 2020 alone which is wild.
It was never yours. The Fed doesn't give money away, it buys financial assets. What did you sell them?
Also, the Fed has been selling assets lately, which does remove some money from the system.