I skimmed an old book (whose title I don’t remember) that simply recommended: when the Fed raises rates, move from bonds to stocks; when the Fed lowers rates, m

I skimmed an old book (whose title I don’t remember) that simply recommended: when the Fed raises rates, move from bonds to stocks; when the Fed lowers rates, move from stocks to bonds. Tracking the Fed like that seems like a lagging market indicator. It was probably more effective when bonds had double-digit returns.