3min chapter

Hidden Forces cover image

Does the Fed Have Any Idea What It’s Doing? | Jeff Snider & Brent Johnson

Hidden Forces

CHAPTER

The Fed's Pivot: Why Markets Are Going to Moon

Brent Jones: People have this framework in their heads that when the Fed pivots, markets are going to moon. He says it's because of the last two years with the pandemic. If you think Jay Powell is your friend or when he's your friend, that's the time to buy stocks, right? Jones: But I don't think a lot of people think two, three steps ahead. They haven't done QE yet. And number two, they're trying to fill a hole that they don't even know how big it is.

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