Or perhaps the question should be: “how many times a yo-yo can go up and down when no one knows who is pulling on the string?” or if there is even anyone holding the string.
Markets are jumping all over the place due to Coronavirus-driven volatility combined with the uncertainty of the upcoming elections.
The US Fed is almost out of ammunition and can’t lower rates much more, nor should a rational investor even care. Lower rates don’t fix the issues driving the macroeconomics of a pandemic.
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“The fed is almost out of ammunition.”.
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