Fed’s QE Giveth, Fed’s QT Taketh Away: Russell 2000 Hits 3-Year Low, Nasdaq Back to Dec 2020, S&P 500 Back to Apr 2021 – WOLF STREET
After being nurtured by the Fed since 2008, stocks have taken on a life of their own since QT began. And it’s not working. Written by Wolf Richter of Wolf Street. In this inflationary world, there are some things going on that go against conventional wisdom, such as that stocks are a hedge against inflation. […]