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No quite. Until the 'rona hit, the Fed was raising rates and stock market asset prices were also rising.
by landemva 5y ago
No quite.
Until the 'rona hit, the Fed was raising rates and stock market asset prices were also rising.
- cudgy 5y agoFed raising interest rates before corona was short-lived and symbolic at best. The stock market will not react until investors are convinced that the Fed has changed it’s multi-decade stance of extraordinarily low interest rates. This shift in market sentiment may not occur immediately after the Fed shifts, particularly since many of the younger investors know nothing else but low interest rates and expect them to continue indefinitely.