Don’t fight the Fed but don’t depend on it either

Crisis or no crisis, the rules of the game have changed for investors. Before quantitative easing, investors could rely on government bonds and stocks to work together, through the cycle, to reduce portfolio volatility. A central bank would cut interest rates when economic times were tough, the outlook for corporate earnings dismal and stock prices under pressure.

https://finance.yahoo.com/m/c5ac2d64...html?.tsrc=rss