Stock Charts - Is the Fed a Market Follower?

The Fed's not a market leader here. They're a market follower. So if you've been getting 0% on your bank CDs, this is good news for you. If you're holding a big long portfolio, your portfolio is sunk. The shocking thing this year is the 60-40 portfolios don't work because bonds are way down and stocks are way down. But once you're locked into that digital system, they kind of got you. And we saw that we saw that in Canada.