The Fed's Yield Curve Control Strategy

Since the financial crisis I look at flows a lot and from the financial crisis until the pandemic with yield slow and the stock market actually doing extremely well almost no retail or investor flows went into the stock market. But meanwhile the bond market saw three and a half trillion dollars of inflows which is about 15% of the Barclays Ag okay so there was a very lopsided move into bonds versus stocks but you can see right now that even if nobody sold any bonds you know your money is going to be worth less of course if yields go up. So what I'm trying to describe is there could be a lot of dry powder waiting to exit the bond market and enter the stock market or other

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