The Fed’s actions are the only rational explanation. Many large companies who had access to the investment-grade bond market were locked out and having to raise

The Fed’s actions are the only rational explanation. Many large companies who had access to the investment-grade bond market were locked out and having to raise as if they were junk quality. Then Jay Powell said the Fed would buy corporate debt and would pretend that everyone’s credit rating was the same as before the crash in March. The market hit a hairpin turn around that time and started heading up. shrug